Companies can't screw you over with respect to your pension anymore like they did with your father. Around 2012 the laws changed that required them to be fully funded. Why do you think AA declared bankruptcy when it did?

I for one prefer a 20% DC over a pension, but the rules have changed and would feel comfortable with one again.

Delta recently announced it will make a profit on its pension fund in the near future. All while not required to pay back the pilots they hosed over or the tax payers that are covering part of what they promised they would pay before they dumped it.