Re:Bernanke Says U.S. Economy Faces a ‘Wile E. Coyote’ Momen...
by mywittyname on Friday June 08, 2018 @02:37PM
(#17268457)
Not if they are fully funded. But the issue is that most pensions systems are woefully underfunded, thus, are a huge risk.
If pension payouts floated as a percentage of overall asset value, then they would a great retirement strategy. But promising people a guaranteed (generous) fixed-income is not sustainable in the long-term.
Re:Bernanke Says U.S. Economy Faces a ‘Wile E. Coyote’ Momen...
by ebbv on Sunday June 10, 2018 @07:35AM
(#17277639)
The only reason pensions are underfunded is that they were plundered. Hold the politicians that broke them responsible, not the workers who earned their benefits.
If pension payouts floated as a percentage of overall asset value, then they would a great retirement strategy. But promising people a guaranteed (generous) fixed-income is not sustainable in the long-term.