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At least in the US, what you describe is reality. Pensions are regulated heavily (you may disagree with the few legal flexibilities though). And they are at l

At least in the US, what you describe is reality. Pensions are regulated heavily (you may disagree with the few legal flexibilities though). And they are at least partially insured: https://www.pbgc.gov/ https://www.pbgc.gov/ Maybe the PBGC will go under? Who knows.

lotsofpulp 7y ago
Non taxpayer funded defined benefit pensions are regulated. Taxpayer funded defined benefit pensions have zero regulation. Because they have the power to tax. And there is a bill currently worming it's way through congress to bailout PBGC (although they don't say it directly): https://www.govtrack.us/congress/bills/116/hr397 https://www.govtrack.us/congress/bills/116/hr397 https://burypensions.wordpress.com/2019/01/09/butch-lewis-act-re-introduced/ https://burypensions.wordpress.com/2019/01/09/butch-lewis-ac...