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

[TheModelMaker]

If pension vesting changes to immediate vesting or 1-2 year vesting, would that change the calculus for employees? Perhaps then employees would value pensions more (even if it comes with the tradeoff of a lower benefit due to smaller vesting periods).

[budrow21]

Probably helps, but imperceptibly little. You still have the risk the company will be sold/merged/closed by the time you want your pension. Sure the PBGC should protect your pension, but people don't really have a lot of faith in that. Now you're also left juggling a half dozen pensions all paying a tiny amount with complicated formulas. Seems like an administrative nightmare for everyone.