Capitol Weekly: Calpensions: Push to overhaul private-sector pensions: "Government retirement systems have to worry about rebuilding their pension funds without squeezing taxpayers or forcing deep cuts in other government services. But their retirees will continue to receive monthly checks.
In the private sector, individuals with 401(k) investment plans devastated in the stock market crash are simply out of luck, if they can’t wait years or decades for earnings to rebuild their funds.
Now there is at least one organized drive, Retirement USA (and reportedly talk among other groups) pushing for an overhaul of private-sector retirement plans and extending coverage to the half of all U.S. workers who only have Social Security."
Thursday, April 9, 2009
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