Government subsidizing private contractors pensions: $5 billion for Lockheed Martin alone in 2018 (solution, companies)

[lovecrowds]

http://www.pionline.com/article/2018...-funds-in-2018

Looks like government contractor Lockheed Martin will spend 5 billion on pensions this year. The issue is that Lockheed Martin derives a vast majority of it's business from federal government contracts.

So, most of that 5 billion dollars in pension spending will be actually government money as the company itself is mainly reliant on federal money.

There are many others companies like this with elegant, expensive defined pension plans that only exist because they just price the added expenses into the contracts with the federal government.

[greywar]

So....attack a private company for funding its pensions...because it does government work?

[phma]

Originally Posted by greywar

So....attack a private company for funding its pensions...because it does government work?

Its like a blank check.

[greywar]

Originally Posted by phma

Its like a blank check.

Its like having to have competitive bidding-so its not a blank check. In fact higher costs make it harder to compete. Do you have some non socialistic solution to this that you would suggest?