Posts from February 2006

Whatever Happened to Private Pensions?

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.


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