Most workers who work in a very large corporation are extremely concerned about the under funded pensions. Most people are very concerned also that they may be living longer and run out of money in their retirement. Many financial advisers and planners are now telling people to postpone their retirement as long as possible. Some are advising their younger clientele to plan on working until age 70 or age 75.

Most of the Fortune 500 companies have under funded pensions. Yet, most of these corporations also are sitting on a ton of cash and retained earnings. The United States government and regulatory bodies is also eyeing this money to steal it from them in corporate fines for violations of regulations. It is interesting all the dueling that goes on for bank accounts with huge balances. Many a corporate pension fund has been raided as part of a merger or bankruptcy.

Corporations who have done well with their pensions are often penalized and the workforce often goes on strike further, hurting the company from having the money they need to expand and take advantage of opportunities in the marketplace in their industry sub-sector. If we look at a case study of General Motors and they're under funded pension we see some problems that are not too dissimilar to other large corporations. If General Motors were to refund their under funded pension it could cost as much as $10-$15,000,000,000 and as you can see that as a lot of zeros.

If a company like General Motors were to refund the under funded pensions would it be possible to get a guarantee from the unions that they will not go on strike and hurt the company's position in the marketplace in the future? There are more questions than answers and this issue is very serious to our nation's economic vitality and the retirees who are expecting those pensions upon retirement, as they were promised. Please consider this in 2006.