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If the company cannot afford the pensions, the company goes bankrupt and then the government covers the pensions. If the company is bankrupt the shareholders
by bryanlarsen 2y ago
If the company cannot afford the pensions, the company goes bankrupt and then the government covers the pensions. If the company is bankrupt the shareholders are screwed. Companies do not make plans that involve zeroing out shareholders so I don't see what moral hazard there is.