'It's really over': Corporate pensions head for extinction as nature of retirement plans changes

[ottomobeale]

Originally Posted by InformedConsent

Ironic, isn't it?

NJ is ironic in many ways.

Suburban Dems are even a bit of a different breed.

Gotta admit I love not having to pump my own gas in January.

[Lycanmaster]

Originally Posted by evilnewbie

Pension benefits is like gambling... They are gambling that money will fall from the sky to pay out benefits... Most of these plans are failing... The rest is just taking a longer time to fail...

You can say the same thing for 401Ks, if not more so.

Participants are basically gambling/hoping that the stock market continues to go up or that the value of the shares will be positive when we retire...