bigmoney

Comparing Medicine’s Cost and Effectiveness

in other words, health care has long since plucked the low hanging fruit, and is now suffering the law of diminishing returns. Exponentially increasing costs to generate slightly improved quality of life and life expectancy.

Maybe one of these days, with high tech gene splicing, we will all live to be 100 in perfect health, not requiring any expensive medical care. Until that final year of life, where people spend unlimited sums to live to 101.

Pension Underfunding: The Next Earnings Shock?

>> Of course, in tried fashion, nobody is willing to acknowledge the problem, and all involved parties are pushing hard to postpone judgment day.

The first rule of Pension Club is that nobody talks about Pension Club ~ Tyler Durden. Haha

I'd like to see some charts of the S&P500 that has frozen their pension. My company, one of the above listed, froze theirs a few years ago.

Another thing I would like to see is Pension total value over time / vesting. I believe the typical curve is exponential

A frozen pension means that many baby-boomers working at these S&P500 corps will have their pension frozen just as they enter the power curve of vesting. Talk about a rude awakening.

Anyway, I think its about time the public sector start taking pension haircuts like everyone else. The only government sector that should get special protection is military, because once those guys sign a contract, they cannot quit. Politicians, administrators, social workers, IRS tax collectors can easily do with less. If they don't like pension haircut, they are free to quit, and get a job in the private sector. I don't think we'd be the less for it.