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A comment on Illinois pension benefits have grown six times faster than state revenues. Parent comment

Re:Illinois pension benefits have grown six times faster tha... by crankylinuxuser on Wednesday March 28, 2018 @11:38AM (#16698534)
Long story short, if you defer compensation you suffer a significant chance the other(larger) party will manage to screw you out of it.

The same is true if its a private or state entity. You either get money or assets in hand, or its effectively vapor. It also shows that working for the government may be stable, its certainly not good for pay.

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Re:Illinois pension benefits have grown six times faster tha... by koolba on Wednesday March 28, 2018 @12:04PM (#16698856)
It's called counterparty risk: https://en.wikipedia.org/wiki/Credit_risk#Counterparty_risk
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