Sawyer Capital ManagementThe Great American Pension Rip-Off – Sawyer Capital Management https://www.sawcap.com Evolutionize Web Site Tue, 14 Nov 2017 19:30:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.1.22 The Great American Pension Rip-Off https://www.sawcap.com/2014/07/14/the-great-american-pension-rip-off/ https://www.sawcap.com/2014/07/14/the-great-american-pension-rip-off/#respond Mon, 14 Jul 2014 15:51:19 +0000 http://evolvemypractice.com/?p=1126 Unless you work for a city or state government, you probably don’t have a traditional pension — also known as a “defined benefit plan.” The number of employers offering these plans has decreased sharply, and now, by some estimates, only 29 percent of workers in the United States have access to them. In contrast, 83 percent...

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]]> Unless you work for a city or state government, you probably don’t have a traditional pension — also known as a “defined benefit plan.” The number of employers offering these plans has decreased sharply, and now, by some estimates, only 29 percent of workers in the United States have access to them. In contrast, 83 percent of state and local government employees have access to a defined benefit plan.

If you are one of these lucky few, consider yourself fortunate. Most defined benefit plans provide for an automatic payout in retirement based on a formula that typically includes the size of your salary and how long you worked for your employer.

Read the rest of the article on The Huffington Post.

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