3 ms·Like the Ontario Teachers Pension Fund? (As I said: not at all a Holmes defender.)by Cupertino95014 4y agoLike the Ontario Teachers Pension Fund? (As I said: not at all a Holmes defender.)nradov 4y agoYes, they are suckers. This sort of principal-agent problem is exactly why defined benefit pension plans ought to be phased out and replaced by defined contribution plans.coryrc 4y agoYes. Institutions are notorious suckers.