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To: Tradelite who wrote (123503)	9/18/2001 9:02:22 PM
From: sammaster	Respond to of 436258

thanks for the interesting link my thoughts... seems like the government only slightly regulates what pensions invest in and another agency insures pensions..mostly of the fixed income type.. "The Pension Benefit Guaranty Corporation (PBGC) protects the retirement incomes of more than 43 million American workers -- one of every four working persons -- in nearly 38,000 defined benefit pension plans" Here is what the insurer invest in... "cash and fixed-income securities represented 61 percent of the total assets available for investment, while the equity allocation was 39 percent of all investments" pretty high equity allocation in a bear market....and what if those "safe" fixed income investments are in soon to be bankrupt telecoms and such.. "currently invested primarily in high quality equities " what high quality equities? boeing, GE, and Cisco? at least the people in 401k plans see there equities melt away and can choose to pull out into cash or short term bond fund...but the people that are assuming that they will be guaranteed a fixed pension wont know what hit them come retirement...