There aren't that many defined benefits workplace pension schemes left. Some have already gone bankrupt. Others were restructured into defined contribution sche

There aren't that many defined benefits workplace pension schemes left. Some have already gone bankrupt. Others were restructured into defined contribution schemes. And state pension schemes are not usually investment based at all. They are usually funded by current social security contributions and taxes. If they go bankrupt it's for political reasons. More likely than bankruptcy is that many people will receive lower pensions than they had hoped for.