Yes, well, there are also the taxation issues. I don't expect it to happen, but I think the first 40K of retirement income should be tax free. By the way, as a single person, receiving 40K a year of income from pensions etc, you would be on the hook for 4500.00 in taxes, about 11.2% I'm all for paying my share and I did in spades when I was working but now I kind of feel differently about having someone take my travel or savings money away from me. But of course, since the Boomer Generation holds most of the assets right now, that is where they will go to find funding.