Pensions end up tied to the health of the company too. Though they have some protection in law, in practice there is still significant risk with company pension

Pensions end up tied to the health of the company too. Though they have some protection in law, in practice there is still significant risk with company pensions. There are cases when pensions promised healthcare but cut back later: "GE revised its GE Medicare Benefit Plans handbook in 2012, underscoring the right to 'terminate, amend or replace the programs or plans, in whole or in part (subject to applicable contractual requirements), at any time and for any reason,' according to records in a 2014 lawsuit by two former GE employees, alleging that GE violated an implied obligation to provide continued health-care coverage. The clause existed in all previous versions of the handbook as well, GE said." http://www.thefiscaltimes.com/2015/08/04/GE-Saved-Billions-Cutting-Retirees-Benefits http://www.thefiscaltimes.com/2015/08/04/GE-Saved-Billions-C... All the more reason to diversify retirement funds which one has that option.