growing_older
Thinks s/he gets paid by the post
- Joined
- Jun 30, 2007
- Messages
- 2,657
I don't personally know anyone who has lost a corporate pension,
Maybe this depends on what you mean by lost. At one time I worked for a megacorp who decided to convert the pension plan to some kind of cash plan. With the right kind of assumptions, the generous future pension we thought we were getting turned into a very small cash balance that had no chance at all of growing into the formerly promised benefit. Our pension wasn't "lost", it was just "different"
And very much less valuable to me and all my coworkers.