Retirement Security?

Rcooley123's Blog

In recent years there have been increasing attempts at all levels of government as well as in private enterprise to lessen the expense of extending an adequate standard of living to those who have left the workforce via retirement. Whereas private pension funds have been largely replaced by individual 401k accounts and their counterparts for non-profit enterprises, along with the increased risks attendant upon the vagaries of the stock market, even pensions for public employees have recently come under pressure. Events in Detroit and Illinois are among the most recent endangering the incomes of large numbers of public sector retirees.

Years of mismanagement and failure to keep up with employer contributions to worker pension funds have left many cities unable to live up to their obligations in paying their retired employees their full pensions as promised. The latest federal budget agreement, still pending Congressional approval, even goes so far as…

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4 thoughts on “Retirement Security?

  1. You’re so awesome! I don’t think I’ve read through something like that before.
    So great to discover another person with genuine thoughts on this issue.
    Seriously.. thank you for starting this up. This site is something that
    is needed on the internet, someone with some originality!

    Like

  2. Hello! I know this is kind of off topic but I
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    Like

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