Thursday, May 23, 2013

Pensions are Relics

New Rule Signals Kiss of Death for Pensions: ""People getting pension checks this week or next month won't be affected," McBride said. "It's the young person of today that has to worry about getting full pension benefits when they retire." While MAP-21 might not be a final nail in the coffin for nongovernment pensions, experts say it does mean future retirees face an even tougher struggle to survive. "Pensions are just not relevant anymore," said Pavlick. "Companies feel overregulated and can't afford them. In today's world, pensions are relics.""

Pensions are over--regardless of whether or not governments recognize that, or stay in denial.


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