Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

reformist2

(9,841 posts) Mon Sep 9, 2013, 12:39 PM Sep 2013

0

If it's not defined benefit, it's not really a pension. It's a savings account.

I think "defined contribution" pensions are a joke, a genius stroke of corporate propaganda that has duped millions of workers into thinking they actually are getting something resembling a real pension, when they're not.

Discuss.

3 replies

= new reply since forum marked as read

Highlight:

If it's not defined benefit, it's not really a pension. It's a savings account. (Original Post) reformist2 Sep 2013 OP

Is it that time of the week already? A HERETIC I AM Sep 2013 #1

Must be. All the pension lovers are stuck in 1962. cbdo2007 Sep 2013 #3

as a member of one of the last good defined benefit plans out there... mike_c Sep 2013 #2

A HERETIC I AM

(24,367 posts)

1. Is it that time of the week already?

Reply to reformist2 (Original post)

Mon Sep 9, 2013, 12:41 PM

Sep 2013

Time for the regular "401(k)'s suck" thread

Have to check my calendar

cbdo2007

(9,213 posts)

3. Must be. All the pension lovers are stuck in 1962.

Reply to A HERETIC I AM (Reply #1)

Mon Sep 9, 2013, 12:56 PM

Sep 2013

mike_c

(36,281 posts)

2. as a member of one of the last good defined benefit plans out there...

Reply to reformist2 (Original post)

Mon Sep 9, 2013, 12:46 PM

Sep 2013

...I completely agree.

Reply to this discussion

Latest Discussions»General Discussion»If it's not defined benef...