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URL:  http://boards.fool.com/a-pension-is-a-guaranteed-income-for-life-what-is-14412838.aspx

Subject:  Re: Pension Plan Choices Date:  2/23/2001  3:00 PM
Author:  libc Number:  28068 of 78166

A pension is a guaranteed income for life. What is your $11,000 currently doing? What is the range of values it could take on if you left it where it was?

[A defined benefit (this is what Social Security is currently) pension is a guarantee for life, providing the employer stays in business and has adequately funded the plan.]

[A defined contribution (this what President Bush wants to change part of Social Security to) is