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Anybody with a good pension plan is effectively a millionaire too. Upon retirement you're likely better off with a pension plan that pays a guaranteed $40K/ye
by bryanlarsen 1y ago
Anybody with a good pension plan is effectively a millionaire too. Upon retirement you're likely better off with a pension plan that pays a guaranteed $40K/year than with a million dollars in the bank.
- josefritzishere 1y agoPensions are almost unobtanium in the US.
- bryanlarsen 1y ago15 percent of American workers in the private sector have a job with a defined benefit pension. (https://www.bls.gov/opub/ted/2024/15-percent-of-private-industry-workers-had-access-to-a-defined-benefit-retirement-plan.htm https://www.bls.gov/opub/ted/2024/15-percent-of-private-indu...). Most workers in the public sector have a defined benefit pension, which almost doubles the number. 25% of workers is a significant percentage.