It's worth remembering that a pension is not an asset you own but rather a liability on the company's balance sheet and can be discharged in any one of a number

It's worth remembering that a pension is not an asset you own but rather a liability on the company's balance sheet and can be discharged in any one of a number of ways. I vastly prefer 401(k)s, IRAs or even taxable investment accounts because you not only actually own them, but they allow employees to decide for themselves how much they want to save for the future.