Glad I Have a "Risky" 401(k)

From MSNBC:

"The heads of three major airlines were called to appear Tuesday before the Senate Finance Committee. Its leaders are alarmed that the Pension Benefit Guaranty Corp. — the federal agency that insures private pension plans — already has a $23.3 billion deficit because of defaults.

More than half of the 100 largest plans had less than their promised benefits on deposit, which the committee’s chairman blames on lax rules that are supposed to guarantee full endowment.
About 34 million people — roughly 20 percent of the nation’s workforce — expect to receive payments from their employers through defined benefit plans."

Timothy Burger