In one of the biggest pieces of irony since – well, ask me the one about New York’s Irish firefighters collecting money in their boots for The Cause in the 1990s some time – it turns out that the biggest threat to some workers hoping to get pension benefits may be pension plans themselves.

Businessweek did a bit of connect-the-dots investigation into the lives of some workers in Massachusetts who found that by being downsized and having their jobs neutralized and outsourced for a third of the pay, it actually benefited their own pension plans – in a case of cannibalism gone wild.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.