O Christmas Tree

O Christmas Tree

Retirement, Retirement

Once we took you for granted

Retirement, Retirement

Our hope has been supplanted.

Once we had kept a hope alive

that we’d retire at sixty-five

Retirement, Retirement

no more that dream enchanted.

O Pension Plan, O Pension Plan

with cash accumulated.

Our forecasted annuity

50-percent deflated.

We can more than make up the loss

by all those options offered us

But the assumptions backing this

have yet to be debated.

O Tesip match O Tesip match

once you had been inducing

employees to sign up, but now

the cutbacks stopped producing.

And now the matching will depend

on if you’re working at year end

But we will still invest in you

since our pension’s reducing.

There are a few employees here

who really aren’t affected.

Grandfathered back in ‘93

No pension change detected.

They all will smile until we see

them all retire by 2003

‘cause the solvency of Social Security

for THEM is still expected.