Originally Posted by Dallas Chief
Not defending the employer, but just to be clear, they are not losing their pensions, the employer is just not paying into them anymore. They get to keep what is already there. I lost my pension plan some 10 years ago, but still have the balance of what was already paid into it. I don't know many people that have pension plans any longer outside of my friends that are teachers or govt employees.
Defined benefit pensions are definitely dying out outside government jobs. Defined contribution plans, however, still exist outside of government employees. I didn't see anything that makes clear which one this was.
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