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Retired Workers / Pension Funds #317873

CBS Evening News for Sunday, Sep 06, 1987
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(Studio: Susan Spencer) Report introduced.

(Aliquippa, Pennsylvania: Richard Schlesinger) Impact on retired workers of companies' cutbacks on pension funds long-established and paid into by retirees examined; details given, scenes shown. [Retiree John TOMEI - believed his pension was safe.] LTV's bankruptcy and refusal to pay pensions at full value cited as example [RETIREE -describes company's cuts in his pension.] Failure of federal Pension Benefit Guaranty Corporation to halt process favoring corps. noted. [Senator John HEINZ - notes PBGC's "corporation welfare" policy for the well-to-do.] LTV's growing profitability described. [RETIREES - criticize US.]

Schlesinger, Richard;
Spencer, Susan

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