The problem is not everyone will make the right decisions on their investments! And the time that you lose everything may be at the time just before you draw it out. We don’t know when the market is going to crash! It’s just like privatizing social security, there is going to be winners but a lot of losers, what about them? The problem is there is only so much money to go around, so the pension will shrink. If the employer can invest less and let us assume all the risk he’d love it!
Pat Local 8
