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A comment on Americans Are Putting Billions More Than Usual in Their 401(k)s. Parent comment

Re:Americans Are Putting Billions More Than Usual in Their 4... by ensignavenger on Thursday January 05, 2017 @05:01PM (#13331837)
No- pensions take money from you while you work, put it into savings (investments) and then use that money to pay you when you retire. A properly ran pension fund is not dependent on current workers to pay current retirees, and if there were no current workers, there would still be money to pay retirees.
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Re:Americans Are Putting Billions More Than Usual in Their 4... by mywittyname on Thursday January 05, 2017 @06:25PM (#13332455)
Unfortunately, a significant number of pensions have large amounts of unfunded liabilities, which means they may end up bankrupt or convert into pay-as-you-go.
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