imo it would be best to just not have these benefits. just increase salaries by the amount that would have been added to the pension fund, let them choose betwe

imo it would be best to just not have these benefits. just increase salaries by the amount that would have been added to the pension fund, let them choose between a Roth or traditional IRA and increase the tax deductible contribution limit. then they are free to allocate the funds at an appropriate level of risk and choose low-fee institutions. idk why you wouldn't want to be able to do that. if you really can't understand the basics of personal finance, then maybe you could pay into a third party pension service. but in general, i think it is fair to expect guaranteed benefits to be less than the expected value of market appreciation if you just invested that money yourself. if that were not the case, it would be too risky to offer the benefit!