Bethlehem Steel’s Broken Promise: How Shipyard Retirees Lost the Pension Checks They Earned

Описание: Bethlehem Steel once stood as a pillar of American industry, employing generations of shipyard and steelworkers who believed their retirement was secure.
For decades, workers were told their pensions were guaranteed—earned through a lifetime of hard labor in America’s shipyards and mills.

On the early 2000s bankruptcy period, Bethlehem Steel approved and entered a restructuring that led to the termination of its pension plans, transferring them to federal control and fundamentally altering retirement security for tens of thousands of retirees.
What followed was a pension promise that vanished, replaced by uncertainty, reduced benefits, and years of financial fear for men who had already finished their working lives.

This is the documented story of the Bethlehem Shipyard pension collapse, told through records, testimony, and evidence.

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American Retirement Scandals investigates pension failures, 401(k) fee schemes, Medicare and Social Security missteps, nursing-home abuses, annuity traps, elder-fraud rings, and the paper trails behind them.
No politics. No commentary. No dramatization.
Just documents, hearings, memos—and the people affected.

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