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The cash payout part of a pension is, as you point out, just math. The problem is health care. If you retired in, say, 1980 with a pension that included healt
by gozur88 9y ago
The cash payout part of a pension is, as you point out, just math. The problem is health care. If you retired in, say, 1980 with a pension that included health care, the company ended up paying out (on average) far, far more than they expected.
- mooreds 9y agoThat is a fair point. I don't know how to handle healthcare because it is a good with almost infinite demand (who doesn't want to live longer or be healthier), and a finite supply (of doctors, nurses and other folks who can provide services to help us live longer healthier lives). What happens when you have demand with limited supply? Prices go up.