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FarCenter

(19,429 posts)

10. Defined benefit pension plans are very risky

Reply to JustAnotherGen (Reply #4)

Thu Nov 29, 2012, 03:45 PM

Nov 2012

With layoffs, mass terminations, spinouts, mergers and acquisitions, business unit terminations, bankruptcies, leveraged buyouts, etc., tying your future retirement to the fortunes of some corporate entity is very risky.

A defined benefit plan just seems more stable until it isn't.

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That's what I'm thinking JustAnotherGen Nov 2012 #11

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If Prudential goes bankrupt, does PBGC still step in to pay the remainder? FarCenter Nov 2012 #9