Top 10 reasons people postpone retirement
5. They worry disappearing pensions will make it harder to stop working
Financial planning experts talk about the three-legged stool that supports retirement security: Social Security, individual retirement savings, and pensions. But all three legs look wobbly, including defined benefit pensions, which have evaporated in the private sector as more companies shift to defined contribution programs, mainly 401(k) plans, Miller notes in his column.