> Pensions are not inherently a problem any more than any other form of retirement account is. Sure it is. It's inherently problematic because it assumes perpe

> Pensions are not inherently a problem any more than any other form of retirement account is. Sure it is. It's inherently problematic because it assumes perpetual growth of population and economy. Also, there is a difference between pensions and 401ks and IRAs. 401ks/IRAs will run out. Pensions can never run out. In other words, you can outlive your 401ks/IRAs, but you can't outlive your pension. Or put it simply, with 401k/IRAs, you can't take out more than you put in. With pensions, you can if you live long enough. So who makes up the difference? The workers or taxpayers.