I've watched my parents pensions get wiped out twice. IIRC the first time my dad withdrew a few decades worth of pension and bought a pair of boots. It's been

I've watched my parents pensions get wiped out twice. IIRC the first time my dad withdrew a few decades worth of pension and bought a pair of boots. It's been interesting to see alternatives like the one described in the article pop up. Another popular one is property - employees might club together and purchase a small flat every N months and each own some shares in it. Then there is the ever-favoured cash/gold under the mattress approach...