GE Pension Failure Could Send Investors into Arms of Bitcoin

General Electric (GE) has decided to freeze its pension plan, removing two of the key features that have come to be associated with retirement savings – secure and guaranteed – for tens of thousands of employees. GE isn’t the first company to pull the plug, but as one of the oldest traditional companies in corporate America, it sends a strong signal to employees that they can no longer bank on their employer for retirement benefits.

Now, instead of shouldering the risk for employees, GE will essentially shift that risk back to its workers by contributing a percentage of employee salaries into a 401(k) plan, whose investments are selected by the individual from a list screened by the employer. By heaping more risk on investors, companies like GE are doing their employees a favor by potentially sending them into the arms of bitcoin. If you’re going to inherit risk, you might as well choose an asset with an attractive risk/reward ratio, right? And with 115% year-to-date…