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Workers are likely to have to either contribute much more each year or face the choice between working longer or receiving less pension in future.
Falling bond yields make annuities more expensive, giving new retirees much less pension income for their money, leaving them permanently poorer in retirement.
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And if local elections point towards higher minimum wages, less pensions or legal marijuana you need to be prepared too.
And, despite the recent adoption of a new, less generous pension tier, pension costs are expected to increase 132 percent during those three years.
Under the government's less spectacular pension reform, state-subsidised privately-funded pensions have been set up, for the first time, to supplement dwindling state pensions.
The airline also wants to put future employees into a separate, less generous pension plan, he said.
Proposals that would create less expensive pension plans for future employees will take decades to produce significant savings.
The San Jose reform raises contribution rates for city workers, or allows them to choose less generous pension plans.
He now works in an Arnold bread bakery in Greenwich, Conn., earning about as much as he did at Stella D'oro but with a less valuable pension.
Yet this argument has a flip side: If consumers of these products die earlier, they will also collect less in pension payments, including Social Security.
Among many reasons for rejection, the POA cites new structures and training plans, fitness testing rather than occupational health, and less favourable pension arrangements.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com