Thanks to http://news.ycombinator.com/item?id=3469401 http://news.ycombinator.com/item?id=3469401 , we know that a $50k/year pension is worth >$1.5M NPV. So, t

Thanks to http://news.ycombinator.com/item?id=3469401 http://news.ycombinator.com/item?id=3469401 , we know that a $50k/year pension is worth >$1.5M NPV. So, those folks are near 1%ers. They just don't own the assets that will generate the money that they'll be spending. We do, or rather, we own the liability.