Since 1981, private sector defined retirement benefits have shrunk from 60% to 10% of workers

[liberal N proud]

1. My employer is cutting off pensions at the end of 2013

If I am even still employed by this employer in 2013, I am awaiting my fate in the next month to find out if I even have a job going forward.

For those who have a job in 2013, it will be the last year the company offers a pension plan, they are however going to offer that 401K plan.

I work for a company that in the last 10 years has gone from an exceptional company that offered fantastic benefits, with above the normal matching contributions, better than average vacation packages and policies that made the employee not only feel important but was important. From exceptional to normal, doing what everyone else does and not concerned about retaining quality people.