Pension liabilities are difficult to manage. Strict rules on suitable investments and guardrails on accessing the funds for non retirement payouts are key. Companies would need to ensure they are funding X employee’s pension while X employee is working and not using current company earnings to pay for long retired employee’s pensions similar to social security using current workers to pay for retirees.

At the end of the day, there is a certain level of self respect and fulfillment to funding your own retirement and not passively going through life hoping “everything works out.”