It's a shame that you got screwed out of what you'd been promised. I'm guessing yours wasn't in the $86 billion bailout (maybe because it only went to multi-employer union plans?)
> https://www.cnbc.com/2021/03/08/covid-relief-bill-gives-86-b...
Unfortunately, it's not just the private sector pensions that have been mismanaged (or raided, as you pointed out) which are in dire straits. California, in particular, has a lot of public pension headaches that will be coming to a head (and in some cases already have):
https://www.latimes.com/projects/la-me-pension-crisis-davis-...
https://www.forbes.com/sites/adamandrzejewski/2020/05/19/why...
No, this was a telecom company where the Canadian executives were siphoning money from the American work force, which was net profitable. The Canadian side was losing money by the billions. The pensions were down to a mid sixty percent reduction before the American government stepped in to stop the transfers. It was in all the papers.
> Welcome to PBGC! Since 1974, we’ve protected retirement security and the retirement incomes of over 33 million American workers, retirees, and their families in private sector defined benefit pension plans.
https://www.pbgc.gov/