@patio11 I'm a bit skeptical of this statement since defined benefit pensions should be a well-understood actuarial problem.
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@patio11 the issue is more that companies and governments fail to live up to their promises.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 And sadly, when DB pensions fail the people who lose out usually have no idea what the words "counterparty risk" mean.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 even more dangerous when it is politicians using pensions to buy votes (using other people's $) and not accounting for it properlyThanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 It works as long as you rigorously follow the actuaries' advice, rather than political expediency. Which is rare in the US.Thanks. Twitter will use this to make your timeline better. UndoUndo
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@patio11 i have a large amount of curiosity: why were defined-benefit pensions on your mind?Thanks. Twitter will use this to make your timeline better. UndoUndo
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