host: scott winship. guest: i think the major reason is what is called defined-benefit retirement plans are more comment in the government -- or more common in the government sector. your employer guarantees you a fixed amount of income based on how many years and your level of income upon retirement. in the private sector workers are contributing to themselves. a lot of people on the left wish that we had more of the former, the defined and if it's plans -- the defined benefit plans. what we are seeing in the public sector is that pension plans been severely underfunded and it is questionable whether a lot of folks, especially starting out today, or ever going to see that retirement savings in the end. if it ends up that employers have to take back some of their promises and say, we will not get as much as we promised you. younger workers are getting less generous packages so near retirees can get the full commitment that was promised to them. it is sort of an unsustainable model. host: michael is this a

host: scott winship.st: i think the major reason is what is called defined-benefit retirement plans are more comment in the government -- or more common in the government sector. your employer guarantees you a fixed amount of income based on how many years and your level of income upon retirement. in the private sector workers are contributing to themselves. a lot of people on the left wish that we had more of the former, the defined and if it's plans -- the defined benefit plans. what we are seeing in the public sector is that pension plans been severely underfunded and it is questionable whether a lot of folks, especially starting out today, or ever going to see that retirement savings in the end. if it ends up that employers have to take back some of their promises and say, we will not get as much as we promised you. younger workers are getting less generous packages so near retirees can get the full commitment that was promised to them. it is sort of an unsustainable model. host: michael is this a pla

host: scott winship.at is called defined-benefit retirement plans are more comment in the government -- or more common in the government sector. your employer guarantees you a fixed amount of income based on how many years and your level of income upon retirement. in the private sector workers are contributing to themselves. a lot of people on the left wish that we had more of the former, the defined and if it's plans -- the defined benefit plans. what we are seeing in the public sector is that pension plans been severely underfunded and it is questionable whether a lot of folks, especially starting out today, or ever going to see that retirement savings in the end. if it ends up that employers have to take back some of their promises and say, we will not get as much as we promised you. younger workers are getting less generous packages so near retirees can get the full commitment that was promised to them. it is sort of an unsustainable model. host: michael is this a place where there is some agreement?