Retirement Insecurity

"The impact of simply wiping out traditional pensions reso¬nates far beyond corporate boardrooms and company shareholders. It’s a unilateral move to cut out a main clause of our social contract, the model that a majority of Americans and their families have relied on for nearly three-quarters of a century. Are we really ready as a society to declare the end of retirement as we know it? In order to retire, must employees now bear all the costs and take all the risks?…We deserve a truthful conversation about the options that will provide a decent retirement for all Americans."