Virtually every private pension system in the United States has been stopped for the reason that they are not actuarially sound. The reason for this is that po

Virtually every private pension system in the United States has been stopped for the reason that they are not actuarially sound. The reason for this is that population is not growing steadily as the model predicts. The baby boom was an anomaly that will wreck the system. The major reason that US car companies struggled so much over the last decade is that they are saddled with pensions that foreign car manufacturers are not (e.g. Toyota). They sold as many cars, but their profit per car was less because of pension obligations to workers no longer producing for the company.