I like to know of an example of a pension system in the U.S. that does not invest in the stock market Social Security, as mentioned in the Wikipedia link. Add

I like to know of an example of a pension system in the U.S. that does not invest in the stock market Social Security, as mentioned in the Wikipedia link. Additionally, there is no reason a private pension couldn't be directly funded. I'm in a defined benefit pension system and regardless of how the stock market does my benefit is guaranteed by the state Which is what I meant when I asked about being invested in the stock market. While your pension may be funded via stock market investments, for all intents and purposes, your pension is unrelated to the market. With my 401k, I am very much at the whim of the market. If I hit 65 and my anticipated returns don't materialize, there's nobody for me to sue. Thus, pensions are not directly comparable to 401ks. There is a push ... guarantee. Given the unrealistic contracts that were agreed to, in light of our near-term economic realities, bankruptcy or mass firings and re-hirings are literally the only way this problem can be addressed.