> One study found that more than three-fourths of all American teachers hired at age 25 will end up paying more into pension plans than they ever get back.
You're welcome kids - we've been stealing your money for the last few decades by ignoring basic economic facts. As a result of our greed, instead of getting more out of your retirement savings than you put in (you know, from things like compound interest and investments), you're paying for the previous generation's unsustainable pensions. And of course since we've backed ourselves in to this corner, we can't let you opt out of the pension plan so you can behave responsibly on your own..
You're welcome kids - we've been stealing your money for the last few decades by ignoring basic economic facts. As a result of our greed, instead of getting more out of your retirement savings than you put in (you know, from things like compound interest and investments), you're paying for the previous generation's unsustainable pensions. And of course since we've backed ourselves in to this corner, we can't let you opt out of the pension plan so you can behave responsibly on your own..