He also said Oneida faced overwhelming pension-related payments in the coming years: The 2004 financial restructuring did not sufficiently deleverage the company.
In contrast, the overwhelming majority of pension funds nationwide — the ones for state and local governments as well as for corporations — follow a principle of "separation of powers": they have boards that advise the pension funds' executives and hold them accountable for performance.
Still, overwhelming is overwhelming.
In spite of overwhelming legal arguments they have so far been denied the pension rights that other women in the country (who were born female) enjoy without question.
The bill that finally won overwhelming approval includes a provision to allow a judge to revoke the pension of a corrupt official and to determine, in the case of a corrupt state employee, whether revocation would violate collective bargaining pacts.
The decision followed an overwhelming rejection by doctors and medical students of the "final" offer on pensions.
In 1993, in one of its most damaging rulings, the court decided that if employers fire workers whose pension costs or salaries are high, they are not discriminating — even if the overwhelming number of people fired are older workers.
"This overwhelming vote shows the widespread anger over attempts to backtrack on a commitment to maintaining our pensions after the takeover," said Steve Bird, the father of the FT's NUJ chapel.
After the vote the NUT's general secretary Christine Blower said: "The overwhelming majority of teachers and their organisations have clearly rejected the government's plans for teacher pensions changes.
