That is a good article. I was talking about this exact thing with my DW a few months ago.Is a pension considered more honorable than a 401k account that can provide the same amount?Related to this is the fact that most of us in the private sector do not have the option of a pension. It's 401k, IRA or just straight taxable investments. I certainly have no problem with that, as long as the gov't keeps it's greedy hands off of it.But you can see a possible 'bad' ending to all this.- First they get rid of pensions- Replace with 401ks and IRA's giving people sole responsibility for their own retirement funding except perhaps a paltry 1-5% match by their company, if they are lucky- many foolish people don't participate.- the gov't, run by leftwing Nazi's, cry foul that some saved and some didn't- the gov't consfiscates the savers $ for the benefit of the nonsaversWhat the gov't fails to see as that most of the 'unsavers' blew their $ on trains, planes and automobiles while the rest of use where bringing our lunch to work so we could put in 10% or more into investments/savings.Like I said bad ending....civil war.....blood in the streets....decath
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