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

During the Enron debacle, it was workers who took the pounding, not bankers. Not only did Enron employees lose their jobs, many lost their retirement savings. That's because they were at the bottom of the investing food chain.

There is a kind of fear, approaching a panic, that's spreading through the Baby Boom Generation, which has suddenly discovered that it will have to provide for its own retirement.

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.

Before Enron, I think people were a bit more naive about the way things worked, and I think Enron pulled the curtain back on unsavoury practices that turned out to be a lot more widespread.

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

Most unfortunately, Enron's plunge into bankruptcy court also cost many of its rank-and-file employees their savings.

Employer contribution pension plans have become increasingly popular throughout the past two decades.

I think it's unrealistic for public-sector employees to believe that they are immune from modifications to their pay and benefit packages.

A corporation's responsibility is to the shareholders, not its retirees and employees. Companies are doing everything they can to get rid of pension plans and they will succeed.