While 70 per cent of public -
sector workers enjoy the classic DB
pensions that guarantee a set
payout for life, only 10 per cent in the private
sector do, Bezaire confirmed, «and it's trending even lower for private -
sector pensions.»
Pension plan members in the private sector need to at least consider the risk of their company being able to fund their pension payments for life if they have the opportunity to commute their pension and otherwise take a lump - sum payout upon leaving th
Pension plan members in the private
sector need to at least consider the risk of their company being able to fund their
pension payments for life if they have the opportunity to commute their pension and otherwise take a lump - sum payout upon leaving th
pension payments for life if they have the opportunity to commute their
pension and otherwise take a lump - sum payout upon leaving th
pension and otherwise take a lump - sum
payout upon leaving the plan.
Even if you're fortunate to have a comparable DB
pension in the private
sector, these days corporate job security is such that there's little assurance you'll stay in any one place long enough to accrue a major
pension payout.