RetiredLiving with more pension certainty.

“The most important thing that happens is your longevity risk, the risk that you're going to live long. Sounds like a good risk, but if you're going to live long, longer than your financial situation allows, then you're in a pickle. So you you have no idea how long you'll live. So you you over save for that. And so you underspend your whole life. Start just with that. And so the the efficiencies of a pool of pension money, both across longevity risk and then, of course, across market risk and the ability to compensate people in retirement because there's overlapping generations. That's a really important key with you, when there's no overlapping generation to take care of downside risk. And so all those things kind of melt away when you create a pension pool. And of course, if you run it by professionals, state of the art, then of course, you're guarding against the typical risks and you're minimizing the costs around it. So the difference between those two things is enormous. And know there's math around this where, you know, DB costs an individual 800, 900 thousand dollar more over their lifetime to build an equivalent income security in retirement than it does participating in a plan. That's a lot of money that could have been spent for a more fulfilling life while working. And so I think there's a lot of benefits from society point of view to spreading the word about pensions.” – Stephen Poloz