Lower interest rates are important because pension providers are, explicitly or implicitly, buying annuities (guaranteed lifetime incomes) for their clients.

利率降低至关重要，因为养老金提供商直接或间接地为客户们购买年金(有保障的终身收入)。

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These employees are guaranteed to receive pension payments after retirement even if they leave the firm before they retire.

这些雇员即使在退休之前离开公司，也能保证领到退休金。

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The Bank of England recognises this issue. Its employees are guaranteed an inflation-linked pension so it meets that promise by buying inflation-linked bonds.

英格兰银行认识到了养老金的问题，为他们购买的是与通胀关联的债券，从而让员工享受到与通胀挂钩的养老金。

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Government workers would get a guaranteed pension and a subsidized savings plan.

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But with only 7% of workers possessing a guaranteed pension, Dychtwald estimates that some one-third of Baby Boomers will end up in poverty.

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Even the UAW accepted a two-tier pay structure in its latest negotiations as well as swapping guaranteed pension benefits for a 401(k) for new members.

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