> I don’t really understand the pension model or how it is legal to just take it away randomly. Why isn’t the model just to pay employees more and let them save

> I don’t really understand the pension model or how it is legal to just take it away randomly. Why isn’t the model just to pay employees more and let them save to a 401k that they control? 1. It is not legal to just take it away, as this ruling kind of indicates. 2. Most people are absolutely at (a) putting aside money, and (b) investing it properly. See for example "Retirement Crisis: The Great 401(k) Experiment Has Failed for Many Americans": * https://www.nbcnews.com/business/retirement/great-401-k-experiment-has-failed-many-americans-n327321 https://www.nbcnews.com/business/retirement/great-401-k-expe... Doing a search for "401k experiment has failed" will give lots of results.