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Even if they do you can also vote in someone next time to restore your benefits. I'd rather have an option on an indefinite benefit vs a fixed one.
by sjg007 7y ago
Even if they do you can also vote in someone next time to restore your benefits. I'd rather have an option on an indefinite benefit vs a fixed one.
- CydeWeys 7y agoPension isn't infinite though, as you will die at some time, and the parameters on how long people can live are quite well known. For example, you should always take $2M up front at 70 instead of $50k per year indefinitely because you simply can't live long enough for the latter option to ever come out ahead. * with the current state of medical science.
- afjl 7y agoI suppose I agree on a personal level, but my concern is moreso with the structure of funding pensions vs funding 401k's.