I feel for you. I think it is a national shame that this type of thing can happen today but it certainly is.
My uncle worked all his life for a large foundry in the midwest and retired with a comfortable pension, including medical benefits. He was not rich by any means but he was not afraid he would lose his house or be begging for food. He passed away about 5 years ago and is survived by my aunt, a wonderful woman. The foundry is now struggling a bit in this economy and has recently been making many of the same noises and it is scaring my aunt half to death.
It is people like this that are hurt the most, and they are the ones who need it the most. Yet we are willing, and seemingly perfectly happy, to yank the rug out from under them in their few remaining years while preserving the incomes and lifestyles of those that were supposedly responsible to ensure this didn't happen.