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Pension funds are pretty safe if they are sector based instead of just individual companies. Oh and obviously the government needs to guarantee them as a last
by Feniks 9y ago
Pension funds are pretty safe if they are sector based instead of just individual companies.
Oh and obviously the government needs to guarantee them as a last resort. That way if a company doesn't hold up its end of the bargain it is not citizens that have to try to collect but the big bad Treasury wolf.
But government is considered evil in the US I know.
- JBlue42 9y agoI have a question about their safety. There is always people that bring up worries over some of the public sector pension schemes in the US and how it will affect a municipality. One example, IIRC, is in Chicago. Another typically revolves around policeman/fireman pensions in other cities and the cities not being able to actually pay them. Is this a fault or mismanagement or the pension structure not working or both? And if the cities have to guarantee the pensions, what does that mean for taxpayers in those cities?