4 ms·
There are so many ways it can go wrong - and when it does, the results can be disastrous. The article below mentions how poorly things can go, with private equ
by froindt 7y ago
There are so many ways it can go wrong - and when it does, the results can be disastrous.
The article below mentions how poorly things can go, with private equity groups buying a company, things go poorly, it gets liquidated (pension gets dissolved), then the same private equity group buying it out of bankruptcy. Funny enough, with Marsh, the executive pension plan got a good payout relative to the thousands of store and warehouse employees.
The pension isn't free to offer. I'd much rather they increase my base pay or give a more generous 401k match.
https://www.washingtonpost.com/business/economy/as-a-grocery-chain-is-dismantled-investors-recover-their-money-worker-pensions-are-short-millions/2018/12/28/ea22e398-0a0e-11e9-85b6-41c0fe0c5b8f_story.html https://www.washingtonpost.com/business/economy/as-a-grocery...
- SketchySeaBeast 7y agoPersonal savings can be equally disastrous - it's mismanagement of a pool or an individual. I get that individualism runs high, especially in this sector, which is running hot and people are enjoying being highly desirable, but pensions took the concern of managing retirement from the average worker for a generation. Would the average pensioned worker in 70's or 80's have had access to the education and resources required to ensure that they could save what they needed to to retire? I don't know.