Pensions weren't/aren't invested in the market similarly to 401k's? | Hacker News

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wcummings on Feb 4, 2016 | parent | context | favorite | on: Apple’s declining software quality

Pensions weren't/aren't invested in the market similarly to 401k's?

tosseraccount on Feb 4, 2016 [–]

Yes. Always were. It's economics literacy that seems to be absent.

The people that are nostalgic for defined benefit pensions never seem to remember the corrupt Teamsters' pension funds. They only remember how their Fidelity 401k did in 2008.

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