Reply to Whose non-government relatives have pensions?

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[quote=Anonymous][quote=Anonymous]I wonder how long we will have pensions in this country. This current government hates, I mean absolutely hates pensions. I don't have a pension as I am in the private sector. But I am so glad some people still have them in the private sector.

Instead of applauding that some folks still have pensions, some of us in the private sector are so knee deep in our hatred and jealousy that we become haters.

The biggest critics of pensions are private sector workers who don't have them. If you want one, join the public sector.  [/quote]

When I was looking for public sector jobs out of grad school, pensions were not that appealing because they aren't portable and the benefits for new employees have been reduced. I work in public sector now but I wasn't eligible for a pension, they offered a hybrid 401k style plan instead that gave me a guaranteed interest rate. And a large match..I realize the benefit is small compared with my colleagues who do have pensions, but I appreciate that I can leave my job and take my money with me. I think this approach is more financially sustainable and more suited to today's environment where people don't plan to stay with an employer forever.[/quote]

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