Originally Posted by
galaxy flyer
Defined benefit plans were never as widespread as believed or as lucrative.
GF
Perhaps, but that was not really the point I was trying to illuminate. No argument on the security of a DB plan (BTDT).
DB plans were at least something for many, designed as a piece of the puzzle (3-legged stool analogy). They were mindless and required no action on the part of the employee. Now, most people still take no action, but the stool only has two legs to begin with. Hard days are coming for them, which will inevitably create a crisis that those of us who have worked hard and sacrificed now to have a secure future will likely be called upon to solve.