Some people may not even know what a pension is anymore, but for others, they're still potentially a part of the benefits offered by an employer. With some changes in philosophy, employers are searching for alternatives to get these long-term payments off the books. Mark Stratis, senior financial planner for Szarka Financial, discusses why pensions are disappearing. Mark also fills Tim Muma in on what options are taking the place of pensions, how employers are lowering their risk, and what impact it could have on employees (and retirees) across the country.The information is not intended to be a substitute for specific individualized tax, legal or investment planning advice. Therefore, the information should only be relied upon when coordinated with individual professional advice. Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker Dealer, member FINRA/SIPC. Advisory Services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Cambridge and Szarka Financial are not affiliated. Cambridge and Szarka Financial are not affiliated. Fixed Insurance services offered through Szarka Financial.