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It is a horrible idea, which is why it’s not true for defined benefit retirement funds in the US. Unless one happens to work for a religious organization, in w
by mercutio2 7y ago
It is a horrible idea, which is why it’s not true for defined benefit retirement funds in the US.
Unless one happens to work for a religious organization, in which case, yes, I agree, we should remove the religious exemption from needing to contribute to the common insurance fund for defined benefit plans.
- mschuster91 7y ago> It is a horrible idea, which is why it’s not true for defined benefit retirement funds in the US. What exactly about this idea is horrible? Of course it sounds like socialism but what's the concrete things that are "bad"?
- mercutio2 7y agoYou asserted that people in the US can lose their pensions if the company goes out of business. This isn’t true. If it were true, that would be horrible. There’s a government supported backstop for pension funds if the company goes out of business.