Pensions are in peril. a certain...

Pensions are in peril.

a certain quantity of employers are cutting benefits. Others, of that kind as IBM, are freezing their plans in like manner that employees will stop building benefits after a given date. Troubl companies dump their pension plans upon the federal government, which may pay les than participants were promised.

smooth if nothing bad has happened to your pension now it could.

Which raises an obvious question: to what degree do you make up for the loss?

Clearly, it will take a belt tightening, either now or in retirement -- or the couple How tight will depend in succession many factors, but let's take a crack at it.

Let's assume you'd reckon uponed to retire in 10 years, and that by way of freezing your pension today your bos will chisel your pension income by $1000 a month We'll also assume that is $1000 in today's dollars. The actual income would have been higher to account for inflation.