Sep 13, 2017
By Michelle Saunders
It is critical that we have clear, bullet-proof legislation to protect those at risk from businesses and their profits-first cultures, this according to Wanda Morris VP of Advocacy at CARP who is demanding better laws to protect corporate pensioners. A pension is a deal between employees and their company. Employees accept a smaller paycheque in exchange for a pension down the road. The workers make all the sacrifice up front, leaving them vulnerable to corporate lawyers and managers seeking to cut costs or maximize profit later on. Wanda Morris, VP of Advocacy for CARP and Michael Powell, a pensioner who used to work for General Motors explain why pensioners are at risk when companies go bust, and what is CARP doing about it.