Sears’ pensions are protected and that’s great. But the company’s pension funding troubles are another indicator of why traditional company pensions are gone for good.
Yeah, I seem unable to make up my mind: “we need simple consistent retirement advice for everyone” one day, “maybe level percents of pay aren’t all they’re made out to be” the next. So sue me.
What do you think?
Is there a better way forward than depending on employers for retirement provision for their employees? Share your thoughts!
What does the demise of the traditional pension plan mean for age discrimination? Share your thoughts!
Is the 401(k) the “experiment that failed”? Or is that the case for the employer-sponsored traditional pension plan itself?
Have something to say about my Forbes blog post? Let me know!