Reply to Ford says pensions are a plan of the past

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm all for workers' rights, OP, but pensions are a thing of the past for sure. There are other ways of making working lives more safe and comfortable, and it starts with health, both physical and mental. We need to fix the dreadful healthcare costs in this country, offer workers way more paid leave for the sake of their mental health and have subsidized daycare so parents, especially mothers, can be more productive in their careers.[/quote]

Why ask for so little? Why not all of that and pensions, too? [/quote]

I think unions should stop demanding pensions and start demanding really good 401k matches. I think the real problem is 401k benefits do not have nearly the same value as pensions do. If employers were paying in 8% of comp instead of 4% that would go a long way. It would also offer workers more flexibility than a pension.[/quote]

Huh. I think it's an interesting take, but I disagree. I feel like with a 401K, the individual assumes too much risk. I'm not an expert in investing money. [b]I would like to outsource this function to someone who is, as part of a larger group intending to mitigate risk by pooling together. [/b][/quote]

There are income annuities for that -  immediate and deferred - but then people get upset about "losing control of my money".  [/quote]

Income annuities carry the risk of the insurer failing and charge CRAZY fees because we are buying retail while pension gets services in bulk wholesale. [/quote]

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