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Opinion: Want a pension in retirement? Here’s how to create one

Date Published: 
Tuesday, June 18, 2019

Remember the good old days, when workers retired with a gold watch and a pension? They’re long gone, of course.

Only 15% of private sector workers now participate in a traditional defined-benefit pension plan (three out of every four government workers do), according to the Pension Rights Center. And yet nearly two out of every three Americans polled earlier this year think a traditional pension plan does a better job of ensuring retirement security than do defined-contribution plans like 401(k) plans or IRAs.