‘Q - I am job hunting and want to find a company that provides a good traditional pension. How can I locate one?

A - My first thought was to list some companies. But the more I considered it, the more I came to think that trying to hook up with an old-fashioned pension just doesn’t make sense anymore.

That’s not the standard view. It’s more common to bemoan the decline of the traditional pension, which offers a set monthly retirement income guaranteed by the employer and insured by the federal government.

In its place, many companies are using 401(k)s and similar plans whose retirement payouts depend on the employee’s investing skill and luck.’

Read more at Personal finance: Traditional pensions vanishing

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