I know the moderater said no more but I just wanted to reply. [Moderator Note: Dave is lucky he stumbled into a moderator who is interested in this subject. But this is definitely the last post in this thread UNLESS some DeLorean-related news comes out, or a DML subscriber wants to post the URL of another discussion group where the Arthur Anderson thread will continue. - Mike Substelny, this week's moderator] Techinicaly you are correct, the losses are to the personal retirement accounts not the "pensions". To most people's minds they are similar enough that they use the terms interchangeably. The REAL result is now these employees will have less to retire on because the stock they bought and could not sell or trade is worthless. The real injustice is many of the executives were able to dump their stock before the end and even made money on it before it tumbled. David Teitelbaum vin 10757 --- In dmcnews@xxxx, Mike Hirko <mikehirko@xxxx> wrote: > ***** Moderator's Note ***** > This is the last post on the Arthur Anderson situation. > Let's get back to the cars... > ***** > > David Teitelbaum wrote: > <snip>... not only did all of the [Enron] employees lose > their livelyhood, their pensions were lost too!... <snip> > > This is not true. Their pensions are protected by a > federal law, the 'Employee Retirement Income Security Act' > of 1974, acronym ERISA. Every Enron employee WILL receive > their vested PENSION benefits. [moderator snip] > Let me repeat - IT IS NOT > TRUE THAT ENRON EMPLOYEES HAVE LOST THEIR PENSIONS! > > Mike Hirko > VIN 1387