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Don't you get a very nice risk-free pension (defined-benefit)? Most of private industry has switched to 401K (defined-contribution).
by NonEUCitizen 11y ago
Don't you get a very nice risk-free pension (defined-benefit)? Most of private industry has switched to 401K (defined-contribution).
- Roy78 11y agoWell in theory yes, but who knows. I still have a roth and 457 IRA just in case. My state has repeatedly declined cost of living increases for retired state workers for several years now. The gains in the pension system have steadily been above 10% but that has not stopped the state from putting its hands in its pension funds (I am in Louisiana).