Pensions are part of the compensation to workers for--you know--working.
The company could have paid higher wages, but chose to promise to pay pensions instead. When companies reneg on pensions, they are stealing, literally. Unfortunately the courts do not mind. The Fates are kind.
Cutting future pensions from work being done in the future is not stealing, it's cutting wages. The same thing as raising nominal wages less than inflation. Peak oil is not an energy crisis. It is a liquid fuel crisis.
