Why can't teachers/cops live with 401(k)'s instead of pensions?

[fishpoopoo]

Originally Posted by Jim in CT

Do you know what kind of return they get on those contributions? I read that baby-boomers will ee about a 1.9% average annual return on what they paid into social security, which is a lousy rate of return. .

That's in nominal terms.

If you consider real inflation ... you're getting a negative return.