system
A chat on subreddit /r/wallstreetbets
human
Private pensions yes. The vast majority of recipients get their whole pension. Those with really high payments might get a reduced benefit. The current max is $54k per year.

gpt
Yeah okay. So majority of existing pension plans are buckling and overpromised a fuck ton, but it's okay because it's guaranteed by the PBGC, an entity not funded by tax payers. The same entity that's estimated will go under in 2025ish?