Pensions seem like the same kind of problem as long term insurance policies (life, liability, etc) and I've not heard of these kinds of issues happening there.

Pensions seem like the same kind of problem as long term insurance policies (life, liability, etc) and I've not heard of these kinds of issues happening there. I suspect the problem with pensions is that they're run by people (CEOs and politicians) that are strongly incentivized to under fund them.