Quote

Most private-sector folks don't get a pension.

In some cases, managers and employees have secured pensions beyond their original base salary. It is wrong, the people doing it know it's wrong, and we have to put an end to it.

Under Reagan came the idea of putting your pension plan in the stock market, which wasn't a guaranteed pension.

You can't be a progressive and be opposed to pension reform.

Chase your passion, not your pension.

A generous basic state pension is the least a civilized society should offer those who have worked hard and saved through their whole lives.

After World War II, there were a lot of pension funds in Europe that were fully funded, but they were pressured to hold a lot of government debt. There was a lot of inflation, and the value of all those assets fell. Those pension funds couldn't honor their promises to the people.

My view is pensioners don't have the one option that people of working age have. They can't really increase their income, because they are no longer able to work.

'Returnless risk' is not how you prepare for a decent retirement.

People don't place their trust in government or company pension plans; they have to be self-reliant.