Comment by unknownBits

Pensions are (your)savings, done by some large profitmaking organizations. Now all the money is in there they are starting to steal it(of course), with the excuse that the economy is in heavy weather. It is normal nowadays to see them scraping off 10% a year. Those billions are just magically disappearing. And all those hardworking people can say bye bye to their savings. It's more a proof that you can never trust a large profitmaking organization taking care of your money.