Al salaam a'alaykum Charles

22 Jul 03 04:09, Charles Angelich wrote to Tom Walker:

 CA> In Japan the corporations are "don't give a damn" and when they
 CA> go bankrupt the pension funds go with them leaving people who
 CA> worked a lifetime with ZERO to live on. 

 CA> Here in the USA we recently changed our bankruptcy laws to
 CA> include pension funds and will soon have the "wonderful"
 CA> work-ethic of Japan with old people praying to die (the
 CA> fastest growing religion in Japan).

In Australia, employers are obliged to pay the contributions into the
pension funds (operated by other parties) quarterley, or face stiff
financial penalties. If the employer goes belly up, the employee will lose
3-6 months funds at most.

Regards,
David

--- Msged/LNX TE 06 (pre)