tag:blogger.com,1999:blog-6043880995132516110.post6889103845433876776..comments2023-10-30T01:54:26.505-10:00Comments on Smatter of Opinion: Same Old Story: Big Guys Win, Little Guys Lose.Jim Loomishttp://www.blogger.com/profile/02504771603373289333noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6043880995132516110.post-14361401041962268082009-01-27T12:03:00.000-10:002009-01-27T12:03:00.000-10:00In Canada, this is illegal. Pension money is paid...In Canada, this is illegal. Pension money is paid every month to a government-regulated insurance company. The government regulators ensure that enough money is paid out to cover the pension obligations.<BR/><BR/>If the company goes bankrupt, the pension plans remain intact. The money belongs to the employees, not the company.<BR/><BR/>What you describe as happening in the USA, we here call "fraud." Company managers that tried to steal their employee's pension money would quickly find themselves in jail.Kevin Lovehttps://www.blogger.com/profile/13186428862833389619noreply@blogger.com