Quote:
Originally Posted by Frenzie
(An employer pension sounds like an odd idea.  I hope it works by the employer putting stuff into some "401k" equivalent so it doesn't depend on whether they go bankrupt in the future.)
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There have been plenty of companies going bankrupt and destroying pensions in the process, but tragic as those were, they pale in comparison to what is happening with pensions from some city governments and even some states. There have also been some scandals in union run pension funds. If there isn't a book on the history of pensions in the US, there should be.