Pensions are still around, just not so much in the Dreaded Private Sector. At least until we taxpayers decide to default.
In any case, pensions are evil. Saving and investing is good. And who needs or wants a reason to be loyal to an employer other than it's fun and it pays well?
Pensions are still around, just not so much in the Dreaded Private Sector. At least until we taxpayers decide to default.
One of the problems with the private sector is that they pay way too much to their employees. If they would have given a reasonable pay check to each person then pensions would still be around. The reason that the government employees can still get pay checks is because they receive such a low amount of money. For example a GS-5 gets 2,100 dollars a month. Who can even live on that? I know there are some government employees that are over paid but they are very few in the big picture. Of course those stories that are distorted are loved here on Free Republic.