Pensions used to be common until the 1980s. I found this report from the St Louis Fed talking about the transition. https://www.stlouisfed.org/publications/cent

Pensions used to be common until the 1980s. I found this report from the St Louis Fed talking about the transition. https://www.stlouisfed.org/publications/central-banker/summer-2002/a-pension-for-change https://www.stlouisfed.org/publications/central-banker/summe...