Your pension has left the station

by | Oct 25, 2004 | News

Distressing NYT article on the extinction of the defined benefit pension plan (and the coming crisis at PBGC that insures these things). I’m glad to know that my taxes will get to bail out the PBGC, which is supposed to bail out these pension plans. I missed the part where somebody bails ME out. Another reason I support private accounts for social security (and defined contribution plans like 401(k) for retirement).

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