It was more possible to change ownership, liquidate or close the doors and drop pensions decades ago, but now with the protections and regulations safeguarding current pensions, etc and requirements to have funding in place to substantially provide for retirees freeze or no freeze (good point). Laws have made it more costly as a legal standpoint/punitive damages then just fund the dang pension already. Pension plans are headed the way of the Dodo... so you’re going to see employers freeze their current plan and implement creative savings opportunities for new hires.” - Business Mag

*So get into a company which has such pure pension traits if you have a fair amount of working years remaining = otherwise the company/country has or will eventually fall into self-funded retirements as most have.

It’s just the way it is, even the USAF (and others) changed to the “Blended Retirement Plan”, while still pension heavier, the 401K portion with some matching coin is the beginning of chipping the purely company/government funded pension safety net away. CSRS vs FERS is a good example of other gov flips.

Current and former employees have/will be grandfathered in, it’s the new hires in the future that will start to have some skin in the game which is probably years down the road - I have no idea, just viewing the historical data of most companies having done the flip the switch. Direct Contribution is not the same, but at least the clams are being dumped in your account on a monthly basis. I like the pension thang, but nothing in life is guaranteed. At least Kodak‘s pensions seems to be covered as they were teetering if not headed out to pasture if not for the recent pharmaceutical contract for the gov. Not quite having the Billions required to fund the overall Billions needed for their pensions, it is still impressive that they are fairly close so that is a better example of being responsible/accountable. Glad for them. (Glad is a word and not just a trash bag).