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| U.S. Labor Secretary on Honoring Pension Promises Made to Workers Elaine Chao via Seattle Post-Intelligencer  [Opinion] Feb. 15, 2005 Excerpt: Working hard and 'playing by the rules' has for generations of Americans been the guiding ethic for leading an honorable life and attaining financial security. Millions charted their career and finances based on a promise that when they retired they would have a stable income from a defined pension plan to live on the rest of their life. These workers trusted in that promise, planned around that promise and reasonably assumed that it was inviolable. |
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