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Old 03-01-2010 | 11:47 AM
  #29780  
deltabound
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Joined: Feb 2008
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From: The Beginnings
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Originally Posted by johnso29
Pensions are dead. They need to let that one go because that ship has sailed, and it ain't coming back.

Good golly! How could anyone believe otherwise? Even if offered, who would ever be stupid enough to trust their retirement to a dinosaur like a defined benefit pension plan?

It would be the worst of all worlds, because a "promise" of a pension would probably be in exchange for few, if any, wage increases. Thereby making independent saving for retirement that much more difficult.