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<blockquote data-quote="brett636" data-source="post: 996330" data-attributes="member: 249"><p>Pensions are invested in the market too so if it tanks it goes down along with your 401k. I maintain that your 401k is safer than a teamster pension plan because if the pension plan goes belly up you get 25% of what you were promised if its a multi employer plan, and most are. Some of those companies you mention that aren't paying their "fair share" are probably not doing so because they aren't in business anymore despite the fact that former employees of theirs are drawing on the pension. Couple that with a baby boomer generation retiring in droves leaving fewer people paying into the pension and you have a recipe for a pension disaster over the next decade. If you aren't setting yourself up to survive solely off your 401k come retirement you are setting yourself up for a major disappointment if these other retirement options don't come through or are severely reduced.</p></blockquote><p></p>
[QUOTE="brett636, post: 996330, member: 249"] Pensions are invested in the market too so if it tanks it goes down along with your 401k. I maintain that your 401k is safer than a teamster pension plan because if the pension plan goes belly up you get 25% of what you were promised if its a multi employer plan, and most are. Some of those companies you mention that aren't paying their "fair share" are probably not doing so because they aren't in business anymore despite the fact that former employees of theirs are drawing on the pension. Couple that with a baby boomer generation retiring in droves leaving fewer people paying into the pension and you have a recipe for a pension disaster over the next decade. If you aren't setting yourself up to survive solely off your 401k come retirement you are setting yourself up for a major disappointment if these other retirement options don't come through or are severely reduced. [/QUOTE]
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