Pensioner exposure

Re: Pensions are not lenders, Terence Corcoran, Nov. 4

I agree 100 per cent with Terence Corcoran on this matter. Why should employee pension contributions and accrued assets be commingled with the employer general assets and thus used to increase that employers borrowing power as collateral? Such activity of course exposes the pension funds to lenders at the expense of the employees. A better solution would be to require that all pension contributions and assets be segregated from general assets of the employer, thus removing the “pensioners” from exposure. Leonard H. Goodman, Toronto