Good news...for lots of people affected by pensions gone south, and whose employers didnt or couldnt fully fund the pensions before pension guarantee had to take over.
The democrats want to steal your pensions, 401k and raise the social security age so you do not collect the money at all.
I do not believe that pensions are reasonably structured if the viability of the pension is linked to the business. I further believe that the individual retirement option is a better, more focused option.
So companies should be encouraged to contribute to their employee’s individual retirment choices. 401K, ROTH, IRA etc.
I further believe that if a pension plan is to be disolved, ther should be a legal path to convert the current value of the pension into the individual accounts.
So if an employee has 100K in pension, they should have that 100K moved over into a retirement account, adjusted for taxes.