ERD50
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Bummer. The " Cradle to Grave" programs offered by mega corps are all but gone now. If you have a pension, feel blessed as these things are out dated and too costly.
I say 'good riddance' to DB pensions. As I've mentioned many times, these are promises made today by people who won't be there tomorrow to keep them. Not a prudent thing to base your retirement on. And worse, many people seem to depend on these and then never learn the basics of investing and planning for their own future. It leaves hem very vulnerable.
Much better, IMO, to have things set up more like a defined contribution pension. It could be good to offer some kind of government regulated annuity system once you have retired, which could help people pool their 'longevity risk'. But the annuity payments should be allowed to float to reflect the reality of the funding of the system, not a promise that maybe cannot be kept. With conservative management, the payments ought to be reasonably predictable.
-ERD50