A recent article in the New York Times reports on a development in the ongoing saga of how people will meet their expenses in retirement. A borrowing technique has been heavily marketed, called pension advances, which are high interest loans that require borrowers to sign over part or all of their monthly pension checks. Interest rates on these loans are typically very high, ranging, according to one survey, from 27% to 106%. Concerns have been expressed that retirees are mortgaging their futures, at a high cost, in an area where there is little or no state or federal regulation.