Defined benefit can work as long as people aren’t being shady. It costs more up front. Pensions are in trouble because they have not made the contributions ov

Defined benefit can work as long as people aren’t being shady. It costs more up front. Pensions are in trouble because they have not made the contributions over the life of the employment. Also, and independent third party management with proper controls. What I read about whenever these stories hit the news is they assume they can take from the pool either directly or by under contributing thinking they can just pay it later