August 27, 1999 at 12:00 am #23766
At least you have a pension. I just graduated a few years ago with a degree in engineering. Nobody I know in my age bracket even has a pension plan. We have 401K plans with skimpy employer contributions. Luckily these plans are transferable when the employee changes companies, because most of us will be downsized several times during our careers. People need to realize that they need to provide for their own retirement income, not rely on their company or the government.