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Strategies & Market Trends : John Pitera's Market Laboratory

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To: The Ox who wrote (17958)	3/17/2016 9:24:03 PM
From: Elroy	2 Recommendations Recommended By Blasher John Pitera Read Replies (3) of 33421

So many pensions have been slashed, reduced or even eliminated over the past few decades. Over and over, we've seen the promises made to retirees rescinded or dramatically cut down. Full healthcare turns into partial or none.... 100% benefits turn to 25% or worse. Aren't these underfunded pensions just a continuation of the same trend? I think you're talking about private company corporate pensions. The unfunded liability issue is public government employee pensions. If a private company defaults on it's pension obligations the affect is limited to the company's retired employees who don't get what they expect. If the government can't pay it's pension obligation, then we get higher taxes and reduced services as the government tries to make good on what it owes retirees. I don't see why government employees get pensions at all, almost no private company employees get them these days. Put government employees on social security as their pension, same as the rest of us.

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