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Answer,, I think you missed my main point. Pension plans are useless if you are not at the company long enough to qualify for it.

I didn't address this point. (I was actually responding to someone else who added nothing simply by touting his own expertise) You are correct, though. The trend of the mobile workforce has weakened the effectiveness of the Pension plan. The problem is that it is an unaddresable issue as long as employers are reluctant to offer such a plan anymore to begin with.

If the workforce appreciated the true value of a defined benefit plan and could see through the DC for what it really is, then something could be done about the short service situations. There are many different ways to design a Plan around these issues. As long as the workforce sees defined contribution as better, it is a moot point.

Like it or not, it is a social problem. It doesn't matter how anybody thinks it "should be". The bottom line is there is only so much moolah in the account, and taxpayers are going to foot the bill.
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