Pension Fund Ethical Issues

In the world of business, there is the difference between right vs. wrong thinking ethically. People may have their own individual standards of what is right or wrong, and then there are also businesses that have their own values regarding policies they have as a company. Recently, the Washington Post had an article regarding a Pension Fund for surrounding U.S states that could cut funding for retired workers. As with every case, there are two sides, and each having their own facts and people who will be significantly impacted despite the results. Though, it is possible to have a legal action be unethical, and an ethical action be illegal. The ethical matter at hand is affecting rights of workers within the Central States and their Pension Fund. Because of the financial crisis, there was a new …show more content…
This allows these current and future retirees to be aware and make plans accordingly. I think it’s the right decision and being courteous that you are reaching out to them, despite the tough situation that must be made. I would explain that given the data, there is a 50/50 chance with the cuts that the Funds may or may not run out of money and could stay solvent for 30 more years. If the Funds last for that much longer, I would address that they can figure a new plan by the time that runs out in order to satisfy future workers.
The stakeholders who are affected by this situation who stand to lose are the workers in America that contribute to this Fund. Whether the decision to make the cuts go through or not, would affect the lifestyles that these current and future retirees live. They would have to closely manage their spending, and possibly altering their decision on when to officially retire. On the other hand, if the cuts did not go through, there would be the issue given to the Central States Pension Fund due to shortage of