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A comment on How Many Years of Life Does That House Cost?. Parent comment

Re:How Many Years of Life Does That House Cost? by IanCal on Saturday September 09, 2017 @04:47AM (#15206152)
> Pensions are a Ponzi scheme, don't fall for it.

Pensions are mostly just highly tax advantaged wrappers for investments now. They are most definitely not ponzi schemes.

Your link is for a defined benefit pension, which is not typical anymore.

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Re:How Many Years of Life Does That House Cost? by exclusiv on Tuesday September 12, 2017 @08:09PM (#15234262)
It may not be typical anymore but CalPERS is a defined benefit plan and the largest public pension fund in the US. [1]

The problem is they bump up those benefits when their fund is doing well but when it isn't doing well there's little or no adjustment. It's so big it's fund is influential in the market and also in politics.

[1] https://en.wikipedia.org/wiki/CalPERS

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Re:How Many Years of Life Does That House Cost? by PoachedSausage on Saturday September 09, 2017 @07:02AM (#15206519)
That's the point.

Large numbers of current retirees have been promised unaffordable pensions.

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Re:How Many Years of Life Does That House Cost? by IanCal on Saturday September 09, 2017 @02:49PM (#15208557)
Telling people to "not fall for it" sounds like talking about what people will currently be offered. Given the level of misunderstanding about pensions generally I think just telling people this is dangerous.
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