How Private Pensions Are Draining Public Coffers

We often read about unfunded liabilities in employer sponsor pension plans, especially with public sector workers. Well, we have to make a distinction between the private corporate pensions um and the public pensions for municipal workers, for state employees, for a federal workers and military pensions. So starting with the private ones, im a lot of people, i think believe am, that what happened is that they just became too expensive for employers,. And then they switched over to four o one ks that were less expensive.