I don't think you understand pensions. Pensions are assets that a company has to maintain that are invested professionally (ie diversified investments). Yes p

I don't think you understand pensions. Pensions are assets that a company has to maintain that are invested professionally (ie diversified investments). Yes pensions have disappeared or been reduced due to fraud or gross mismanagement, but the chances of that happening to a pension are a lot lower than your chances that the average person is adequately maintaining a 401k.