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Subject:  Re: Suddenly, Retiree Nest Eggs Look More Fragil Date:  6/18/2013  6:15 PM
Author:  pauleckler Number:  18440 of 22742

I'd didn't see too much new there. The message is if you plan to retire, save, save, save, and then save some more. Otherwise, you won't be able to fully retire in style. Either you will work at least part time, or you will retire at a lower standard of living.

Same old, same old. Of course each new generation needs to be reminded. Lest they forget or neglect the issue.

I expected that he would address the issues posed by the pending Detroit chapter 9 filing. It looks as if existing retirees are going to get crammed down on pension and lose some of their promised benefits.

Heretofore, govt jobs and pensions have been pretty reliable. People will be watching the outcome closely. Will Pension Benefit Guarantee come to the rescue? Or will they lose major benefits?
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