murphy's

[Billy Bob]

Originally Posted by TiltonBB

That brings up some interesting questions:

How many years do you think someone should have to put in before they can retire with a full pension?

Many large companies (General Motors, Nynex, Verizon, Etc.) have given early retirement and pensions to their employees. Would you restrict those employees too?

Great point and as we now know no longer accurate. Those pensions caused GM to have to restructure. the medical coverage on retirees was killing them financially. Verizon and most other companies now do 401k programs rather then retirements . 20 years ago the average life expectancy after retirement was something like 5 years todays its substantially longer , more in the 20 year range . Companies and Governments simply cant afford to have people retiring at 50 and collecting for 30 years
retirement early is a result of good investing not being carried by your employer