I think think there are two separable sets of problems that both important, but can fixed independently of the other: 1) The lack of responsible stewardship in

I think think there are two separable sets of problems that both important, but can fixed independently of the other: 1) The lack of responsible stewardship in overseeing the pensions and how they were invested. 2) Under-contribution to these funds. Follow-up: I think the best way to deal with 1) is to do something like the Ontario Teachers' Pension Plan, which is "jointly sponsored by the Government of Ontario and the Ontario Teachers' Federation" [0] . You can still have greed ruining things, but at least the administration of the plan is totally dominated by a sometimes adversarial entity i.e. the state government. [0] https://en.wikipedia.org/wiki/Ontario_Teachers%27_Pension_Plan https://en.wikipedia.org/wiki/Ontario_Teachers%27_Pension_Pl...