Pensions aren't as great as employees think, experts say

11/14/2012 | MarketWatch

About half of workers in a Towers Watson survey said they'd rather have a pension than the chance to earn a bigger bonus, but many workers may be overestimating the value of traditional pensions, experts say. For example, in 1980, private-pension payments only made up about 8% of retirees' overall income, according to the Investment Company Institute. Also, many employees who retired with pensions during this time were ineligible for full benefits, ICI economist Peter Brady said.

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