Comment Re:Not health insurance... (Score 5, Interesting) 473
How America survives to this day with people this fucking stupid going out to vote, just astounds me.
You fucking idiot: A pension just is an employer-run plan WHERE YOU PUT ASIDE A PORTION OF YOUR EARNINGS INTO RETIREMENTS SAVINGS. THAT'S WHAT A PENSION IS!
Your salary isn't the entirety of your compensation, it's your salary plus benefits, which partly means pension. For decades employers have been offering (and unions accepting) lower salaries plus guaranteed pension benefits. You didn't have to save out of your salary because it's structured into your employment--they withhold part of your money, invest it, and pay it out later to you. Besides the benefits of large pension fund investing rather than a single small investor, you get professionals managing your retirement money, not some coal miner or factory worker who doesn't understand investing.
It's at the point now where I'd tell my kids "never accept a pension deal because someone dickhead down the road is going to blame you for budget problems and steal it back. Demand your money up front."