[Wyatt's Torch]

This is why we need DEFINED pension plans that are INDEPENDENT of the whims and vagaries of the financial markets.

What is it that pension plans invest in? I used to work for UPS who still has a defined benefit plan which is completely funded and one of the best around. They invest in financial instruments and real estate. Not sure how it would be immune to "whims" or "vagaries"...

[Puddleglum]

What is it that pension plans invest in? I used to work for UPS who still has a defined benefit plan which is completely funded and one of the best around. They invest in financial instruments and real estate. Not sure how it would be immune to "whims" or "vagaries"...

Exactly.

[wastoute]

seatrout is either a troll or a VERY new freper. LOL

Μολὼν λάβε

[Uncle Ike]

” I used to work for UPS who still has a defined benefit plan which is completely funded and one of the best around. They invest in financial instruments and real estate. Not sure how it would be immune to “whims” or “vagaries”... “

Has anybody crunched some numbers to see what would have happened to Bush’s ‘Social Security Privatization Plan’ under these conditions??

[fatrat]

being retired military and over 62 i now draw 2 checks from the federal govt and both are very much subject whims and vagaries right now. i have no faith that i will be drawing either within a couple of years.