I saw a video on YouTube of a Yellow employee of 30 years distraught that he wouldn’t receive pension that he was counting on (see https://youtu.be/kZyHlPMOCvw?t=105s) . It’s heartbreaking. I don’t really understand the pension model or how it is legal to just take it away randomly. Why isn’t the model just to pay employees more and let them save to a 401k that they control?
Anyways this outcome sounds like good news. Employees get what they were due.
Anyways this outcome sounds like good news. Employees get what they were due.