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Reply to "What's so great about a pension?"
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[quote=Anonymous]States and municipalities have started to shift away from the defined benefit plan (pensions) for a number of reasons - to limit financial liability. People are living much much longer these days and pensions have become a financial burden. New employees are being offered hybrid and or watered down traditional pensions. I expect new pensions will fully disappear, even at state and municipalities within the next ten years or so. The reduced financial burden into the future will permit existing pensions to be fully funded. If you have a pension, and particularly a govt pension consider yourself extremely fortunate. [/quote]
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