That is why you tell that 30 old co-worker to keep the contract strong and push for more increased Pension payments for HIS future.Not sure if you were able to read the article or not. When I first posted it was not blocked behind a pay wall. One of the commenters in the article was Russell Kamp who's thoughts on pension reform were often cited on many of the Facebook retiree committee pages. His viewpoint was that funding may just barely get the funds to 2051 and possibly be exhausted before that. I know that this is of little concern to many who are retired or those that are nearing retirement, but to my 30 year old coworker who asks if there will be anything for him ,it is very important.
If it makes you feel that way, then don't apply for it.....simple solution for you.Collective pool indeed. Socialism at it's finest and that never works. Depending on a third party to fund your retirement years is never a good idea.