Most private pension plans provide benefits to retirees in proportion to a formula based on the employee's age, years of service and annual salary.

大多数退休金计划根据雇员的年龄、工龄和年薪按一定比例为退休人员提供福利待遇。

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Start with private pension plans, which underpin nostalgic yarns about the golden age of the 1960s, when every man could raise a family on assembly-line wages and then retire in comfort.

让我们先看看私人退休金计划，它支撑着回到60年代黄金时代的怀旧梦想，在那时一个男人的工资就能养活一个家庭并且享受安乐的退休岁月。

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They would also have hybrid plans, with part of the traditional defined-benefit pension replaced by a defined-contribution plan of the sort common in the private sector.

他们同时采取复合计划，即把部分传统的确定给付养老金形式替换为私营部门常见的养老金固定缴款计划。

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Several years ago Argentina nationalized the private pension plans of its populace, and recently Cyprus has been talking about taking similar action.

FORBES: Why A Cyprus-Like Seizure Of Your Money Could Happen Here

But private pension plans (overseen by the Financial Accounting Standards Board) may not set a liability discount rate based on anticipated asset performance.

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The number of private pension plans fell by 75% over the past two decades to 31, 000 and now cover a mere 20% of workers.

FORBES: Magazine Article