Very few companies have those "traditional" pensions any more. Most of the companies that did have them discontinued them long ago. Just google for "pension lia

Very few companies have those "traditional" pensions any more. Most of the companies that did have them discontinued them long ago. Just google for "pension liabilities" to see why. About the only organizations that still have them feed at the public trough. And they're having problems with funding. Here's a recent story about a state transit agency. Its pension plan is over $800 million in the hole. And that's just one agency in one state. https://www.bostonglobe.com/business/2015/10/27/pension-liabilities-growing-even-state-contributes-more/0ZXm9BRxpYb3crikKdJ9pM/story.html https://www.bostonglobe.com/business/2015/10/27/pension-liab...