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BeyondGeography

(40,130 posts)

56. Just how common are defined benefit plans?

Fri Feb 9, 2018, 06:26 PM

Feb 2018

Not very. The percentage of workers in the private sector whose only retirement account is a defined benefit pension plan is now 4%, down from 60% in the early 1980s. About 14% of companies offer a combination of both types.

Meanwhile, the few employers that still offer traditional pensions - typically industries with a strong union presence, such as the airline and auto sectors – have been working overtime to cut deals to either reduce or eliminate their plans.

http://money.cnn.com/retirement/guide/pensions_basics.moneymag/index7.htm

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dow up 500. [View all] unblock Feb 2018 OP

Now only 360. Incredibly volatile. Roland99 Feb 2018 #1

Not really. Those look like large numbers but PoindexterOglethorpe Feb 2018 #34

I hope it crashes bathroommonkey76 Feb 2018 #2

if you shorted the market, congrats. unblock Feb 2018 #4

The stock market is a gamble for anyone bathroommonkey76 Feb 2018 #8

Most people who are employed have a 401k MichMary Feb 2018 #12

That isn't true. bathroommonkey76 Feb 2018 #14

Oh, well, in that case I guess it's okay MichMary Feb 2018 #17

Naw, lady bathroommonkey76 Feb 2018 #18

Yeah, my parents didn't believe in the stock market MichMary Feb 2018 #21

My parent's didn't believe in the stock market either bathroommonkey76 Feb 2018 #22

Nope. I always say MichMary Feb 2018 #25

ha! my mother always says her goal is to die penniless! unblock Feb 2018 #32

32% have 401ks..... panader0 Feb 2018 #30

I'm curious -- do you also hope that unemployment soars onenote Feb 2018 #7

There are also millions of Americans who aren't invested in the stock market bathroommonkey76 Feb 2018 #11

Oh, good grief. MichMary Feb 2018 #13

That's a polite version of my reaction.... onenote Feb 2018 #20

Here in the deep south we'd say, "Bless his heart." Hortensis Feb 2018 #58

We get it. Downtown Hound Feb 2018 #23

Keep punching at the air, Cheech bathroommonkey76 Feb 2018 #24

just so you know, who exactly do you think will win if the stock market really craters? unblock Feb 2018 #31

My grandmother lived through the Great Depression. bathroommonkey76 Feb 2018 #36

Every point you made is valid (well most of them) Downtown Hound Feb 2018 #41

Your assumptions about me are about as wrong as your avatar bathroommonkey76 Feb 2018 #44

My avatar? LOL. Downtown Hound Feb 2018 #50

maybe not as many retirement plans would be getting crushed standingtall Feb 2018 #37

This is so fuckin true. +10000000000000000000000000 bathroommonkey76 Feb 2018 #39

Probably true. And also irrelevant. Downtown Hound Feb 2018 #40

Not wishing them ruin but cheerleading a bad system is not standingtall Feb 2018 #42

Not wanting it to crash and cause mass suffering is not the same thing as rooting for it. n/t Downtown Hound Feb 2018 #43

The stock market is a big casino standingtall Feb 2018 #47

And if and when it does Downtown Hound Feb 2018 #52

I get it standingtall Feb 2018 #54

The answer isn't hoping for or celebrating a crash. Downtown Hound Feb 2018 #57

There are plenty of rich people with wealth far in excess of any puny retirement plan they have. unblock Feb 2018 #45

Exactly like I said big casino standingtall Feb 2018 #49

Pension plans. How nice. BeyondGeography Feb 2018 #46

Some people were absolutely conned standingtall Feb 2018 #48

Ah, nostalgia BeyondGeography Feb 2018 #51

some times nostalgia is a good thing standingtall Feb 2018 #53

Many people still have pension plans. n/t MarcA Feb 2018 #55

Just how common are defined benefit plans? BeyondGeography Feb 2018 #56

LOL. I actually don't own any stock. Downtown Hound Feb 2018 #38

This message was self-deleted by its author Skittles Feb 2018 #27

. NCTraveler Feb 2018 #28

I heard a hedge fund owner who cashed in his "shorts" today describe these ups and downs... yallerdawg Feb 2018 #3

there are indeed a good number of technical signals that suggest this is a turning point. unblock Feb 2018 #5

I hope this is just a bump in the road. yallerdawg Feb 2018 #9

donnie's turning the presidency into a joke has not yet caused that kind of damage. unblock Feb 2018 #10

When our low wages can't buy us cheap goods anymore... yallerdawg Feb 2018 #16

The wild intraday swings don't suggest stabilization to me Awsi Dooger Feb 2018 #6

this was a good upswing. i'm not suggesting the wild intraday swings will go away quickly. unblock Feb 2018 #15

it really has been something to behold NRaleighLiberal Feb 2018 #19

Time to toggle from "blame the black guy" mode. lpbk2713 Feb 2018 #26

I am calling it, the Dow will level off at 22,000 XRubicon Feb 2018 #29

get back out there and sell! sell! sell! unblock Feb 2018 #33

This sort of thing happens to me all the time XRubicon Feb 2018 #35