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Expert Analysis

Recognizing The Retirement Revolution In Pensions

Law360, New York (April 18, 2014, 4:13 PM EDT) -- Remember the days when pensions were like a golden egg that people cashed in at 59-and-a-half years old and lived happily ever after on for the rest of their lives? Those days are quickly vanishing and pensions are no longer the cash cows they used to be. The pension abundance of the past has fallen prey to the harsh realities of a mediocre market and an inadequate economy. We are entering a generation where more and more retirees will be forced to digress to their old college money-saving habits, working part-time jobs and living off ramen....

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