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Friday, February 03, 2012


Dick Williams

That is interesting -- only 30% of companies still have pension programs and the number is dropping day by day. Big breach of faith and contract with a major employer like an airline just says we're ending that benefit.

The other factor is that fewer and fewer people stay with a company long enough to receive a pension even if the company still has a program. So company pensions are not coming back and more will bow to "competitive pressures" and just opt out when they have a chance such as in bankruptcy. 401ks are rebuilding some but everybody needs to recall 1987 and 2008 when stocks tanked and 401ks and IRA tanked along with the stock market.

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