The financial crisis hits even the elderly in Sweden. The retirement pay will be less in the country due to the economic difficulties.

Pension plans may have lower investment gains when they use consultants who have undisclosed conflicts of interest, according to a new report by government investigators, Dow Jones and The Associated Press reported Friday.

Goodyear Tire and Rubber, with a company pension plan since the 1930s, killed its pension plan and put about 40,000 employees into employee-paid 401(k) plans.
This is the tip of the iceburg as more and more big-name companies dump their company pension plans.