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And yet defined benefit pensions are pyramid schemes that are increasingly top-heavy and too many retirees and not enough workers to pay for their luxurious and
by forrestthewoods 5y ago
And yet defined benefit pensions are pyramid schemes that are increasingly top-heavy and too many retirees and not enough workers to pay for their luxurious and impossible retirement benefits.
It is not possible for anyone to work 30 years and then retire for another 30 that pay out their end-of-career salary, that is likely artificially inflated with crazy overtime.
The pandemic relief bills included almost 90 billion dollars in free money to bailout pensions. Pensions are insolvent and require corrupt bailouts to stay alive. It’s all super super gross.
- deleted 5y ago[deleted]