When I first started at Holland there was three things that brought me there. (and I voluntarily left a better job than Holland)
1)Pay
2)Insurance
3)Pension
Luckily for me, I never trusted the pension fund enough to think that it would always be there for me. Something in the back of my mind told me to not put all of my retirement plans into the pension as though it was secure, so I made other investments. I had always made enough extra money while at Holland because I controlled my outbound spending, and put that extra money into other investments. Unfortunately, my lack of trust in our pension has come true now, and it looks to be official that my pension is toast. Will it hurt? Hell yes. That would have allowed for real comfortable living once I'm old enough, but clearly that's not going to happen now. Am I pissed? Yep. But am I surprised? Nope.
I'll get by because I was skeptical enough to not put all of my eggs in one basket (our pension), and still have lots of time to recover, but I'm deeply concerned for those who actually trusted the fund and have already retired based on the pension income that they were promised when they discontinued their employment. Cutting a person's pension AFTER their retirement is nothing short of criminal.......and at the highest level. I'd like to hang everyone involved with this criminal action.