Tentative Deal Reached In Boeing Strike

Once a company gets rid of a defined pension plan it won’t come back. Look how the auto companies got rid of theirs. However good a pension plan is to the employee, it is a money loser for companies. It won’t be long before government agencies that still have pensions will get rid of them as well. There are several state and local government agencies that have fallen behind on pension payments and are running deficits because of those plans. I wish the best to all of those striking Boeing employees, but you might as well get used to using 401K accounts for retirement or get the union to run any pension plan just like the auto workers do.