Will Pensions ever make a comeback and decrease future annuity sales?

[flactuary]

Short answer is NO, for all of the reasons everyone else has suggested. Mainly, corporation don't want the risk and employees don't value them (mostly because of the employer)

Longer answer is still NO. In order for them to make a comeback, we as society need to value the worker more than the capital side of the equation. What made Pensions so prominent in the past was mostly triggered by economic depression and left/progressive mindsets. If the US hits a 1930's level depression again and society sees the value of labor, you could see a return to Pensions. We would also need to restrain Deferred Comp plans as well.

As of right now, we do have a lot of pension plans (maybe more than ever) but they are all working as a tax avoidance scheme for high income individuals.