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
Pensions are fine if you actually pay for them by purchasing guaranteed annuities to offload the liability. Except nobody wants to do that because they’re insanely expensive. Even more so if they’re going to be inflation adjusted.

In reality if workers want pensions, the company should give them a fix annual amount that the worker can use to purchase an annuity.

>>koolba+15
Guaranteed annuities have the same problem: who's paying workers in their old age, and what happens when that entity becomes insolvent? Nothing is truly guaranteed in finance, especially when life expectancies rise faster than the pension scheme assumed.