United’s Pension Folly

Workers at United Airlines accepted many years ago that their company would look out for them. United supposedly had a great pension plan. As the New York Times recounts, it all imploded.

Who is ultimately responsible? If anyone involved did anything illegal, they are responsible for illegal actions. But if the workers of United simply trusted that everything would be done the “right way” for their retirement and it wasn’t, they must accept the blame for buying into a flawed scheme.