Blog Post by: Charles R. Morris, on February 9, 2006
To the Depression-era generation entering the workforce after World War II, one of the secrets of the good life was to catch on with “a big company with a pension.” Although fewer than half of private sector workers ever had a defined benefit pension, it was one of the trademark features of the American dream—a defined benefit pension, promising a set monthly payment for the rest of your life, and usually your spouse’s life, so long as you put in the service time.
Sign up for our mailing list and stay up to date on the latest happenings at The Century Foundation
Sign up for our mailing list and stay up-to-date on the latest happenings at The Century Foundation
Barton Gellman is a critically honored author, journalist, and blogger. His professional distinctions include two Pulitzer Prizes (individual and team), the George Polk Award, and Harvard's Goldsmith Prize for investigative reporting.
View the work of Barton Gellman
View all Fellows and Experts
The TCF Bookstore is a curated collection of books and magazines that backup the mission of our organization.
