Richard D. Wolff

The truth about pensions. Pensions are not a benefit granted by an employer to the employed. When actually a pension is delayed payment for work already done. As a condition for taking a job, a pension is part of your earned salary, withheld and invested by your employer, to be paid later, after retirement. So if an employer says "we just have the money to pay you for your pension" that means that he has either embezzled, stolen, or misspent your earnings, which by contract he is responsible for paying you. Your employer is a thief. By Professor Lakoff