zlacker

>>toomuc+(OP)
Read somewhere that they get 12% match on 401k. No pensions, but there’s almost none of that in today’s world.

>>pixela+y3
Pensions are absolutely crippling to a company long term.

>>bright+M3
Nah, Boeing management and shareholder comp crippled the org on its own just fine. Getting rid of pensions is what enabled more comp to go to these folks. "401k experiment failure" are the keywords you can search for on the topic.

Are we going to claw back all the comp and shareholder returns from the folks who stole from Boeing while it went down the drain? No, we'll just say that's the cost, even though it is obvious that is what crippled the org. "Pensions are absolutely crippling" while orgs are strip mined in plain site, with a noticeable lack of hand ringing over said strip mining.

https://www.epi.org/publication/retirement-in-america/

https://www.pionline.com/defined-contribution/401k-experimen...

https://www.nytimes.com/2024/05/08/magazine/401k-retirement-...

https://www.nbcnews.com/business/retirement/great-401-k-expe...