Comment on Is there any way the average American can insulate themselves from the AI bubble bursting?
burntbacon@discuss.tchncs.de 1 day agoNot necessarily. I had a relative who worked for the federal government back in the 70s/80s, and at the time they were trying to get everyone to switch (it was a voluntary choice for people who were in the ‘old’ system) to the new, non-pensioned options. I can’t imagine that the government suddenly decided to return to pensions.
My experience in small, local government was that everyone was on a matched % of paycheck being put into a retirement account. If you worked for a set number of years with the city/county/parish/state your investment would be matched at a specified rate when you retired. Basically just a glorified retelling of a 401(k).