Ghost of Igloi wrote:
seattle prattle wrote:
I would imagine most pensioners have other retirement assets like social security, IRAs, etc, or at least they should.
Also from what i read, the pensions have had some pretty solid returns these last few years.
I don’t have any issues with pensions. I will receive one at retirement from my current employer. What I do see on both the government and corporate side is the sponsors of pensions are offering a lump sum benefit bump in order to reduce their future liabilities. So clearly pension sponsors see the funding risk as retirees live longer. My company froze our pension benefit during the post financial crisis period, since I had a length of service and age hurdle I received an enhanced match to my 401k. Now even though I had no foresight or input in that decision, is that “solid financial planning”?
No. Based on what I’ve read here, I’d never associate those last three words with you.