Pension costs ‘crowding out’ spending on parks, schools and social services, report says

Only that small part they may have had in their 401k. I don't know of any 401k that allows a person to invest in a single stock, the investments are broad based. You don't have a retirement account? Are you now against 401k's and the investing in the stock market?

In unprecedented move, pension plan cuts benefits cuts for retirees
http://www.stltoday.com/business/lo...cle_14867078-9be2-5eb6-a300-cf179d147257.html

 

I have plenty in my 401k, not everyone else is as lucky as you and I

http://www.nytimes.com/2001/11/22/b...rement-plan-is-a-victim-as-enron-tumbles.html

"The rapid decline of the Enron Corporation has devastated its employees' retirement plan, which was heavy with company stock, and has infuriated workers, who were prohibited from changing their investments as the stock plunged."