tofu

they are talking about 已發展經濟體系中, so china is not included.

peter236

37# Ultraman


Really? I thought China would be worse?
fibbi 發表於 2009-10-22 16:00

Actually some people say India is worse.

sheep

Actually some people say India is worse.
peter236 發表於 2009-10-22 21:47

So you are happy that China is the second worst?

快樂牛郎

Not true. Take a look at this TIME magazine article here:

http://tinyurl.com/ye3xdtk

I've read other articles panning 401k's before as well.

Defined pension plans are the gold standard of all pens ...
Lik 發表於 2009/10/22 08:50

Your article has nothing to do with the sustainability of defined benefit plans.

Here's why: Remember, the biggest factor in whether the 401(k) works as designed has to do with when you retire. If the market rises that year, you're fine. If you retired last year, you're toast. And the chances of your becoming a victim of this huge flaw in the 401(k) plan are pretty high. The market fell in four of the nine years since the beginning of the decade. That means anyone retiring this decade had a nearly 50% chance of leaving work in a down market

This is precisely why pension reserves took a great hit in the last two years.  The reserves got 50% smaller because of the market while the same pay outs had to be made.

You are saying defined benefit plans are better for retirees.  Hell, everybody knows that.  Of course it's better for me to get $3K a month in the mail, but are you the one who's gonna fund that?

快樂牛郎

I really hate when people just depend on others to feed them.  If you have no money left when you retire, that's not my problem.  Why should I take the burden of keeping your unsustainably high standard of living?

Lik

IIRC, the public sector defined pension plans (not CPP) are required by law/their own policies to set aside some huge sum of $$ to ensure the paying off of the retirees, and the investment of that sum is quite conservative, meaning that it won't suffer any huge losses. In fact, even at the height of the financial crisis, I don't think the this fund lost any money at all -- it's just that the gain was something minuscule like 1 to 4%.

Additionally, not all pension plans have inflation adjustments -- some do, but some only have partial ones, and some have none. . And then you have the current generation of contributors to pay into the plan, as well as the ability for the pension company to increase contribution amounts when the need arises, so the feasibility is not that bad ge.

-Lik

soli

我估計紐約貧富懸殊絕對嚴重過香港~

快樂牛郎

貧富懸殊 is a good thing
it keeps people motivated

Lik

貧富懸殊 is a good thing
it keeps people motivated
快樂牛郎 發表於 2009-10-23 21:14

站於疑點歸於被告嘅大前題之下，我暫且當你係響道玩嘲諷（雖然我絕對覺得你毫無此意）。如果唔係嘅話，我阿力一定口誅筆伐，小到你體無完膚！

-力

peter236

站於疑點歸於被告嘅大前題之下，我暫且當你係響道玩嘲諷（雖然我絕對覺得你毫無此意）。如果唔係嘅話，我阿力一定口誅筆伐，小到你體無完膚！

-力 ...
Lik 發表於 2009-10-23 23:55

You are such a rude person. Who do you think you are?