anon for this-
squeak-
Thanks to you both, I picked up two new terms today: “PBGC” and “black swans”.
I’m not saying civil service is the perfect job.
It’s just that nowadays when many of us have 201k’s that used to be 401k’s, the idea of a smaller salary and slower promotions doesn’t automatically disqualify a civil service job from consideration, as it did for many of us 20 – 25 years ago.
This is especially true as we get older and consider post-career expenses, including health insurance.
…one company that stopped paying in retirees’ health benefits by claiming that the “lifetime guarantee” clause did not apply to the retirees’ lifetime, but to the fund’s lifetime.
What a chutzpa! I hope they didn’t get away with it. (If they did, a “lifetime guarantee” on any product is pretty much worthless.)