where do you suppose they park that pension money? A piggy bank?
It’s not some magical place where Puff the Dragon lives I can promise you that. It’s mostly all the same capital markets we have access to as well. The investment rates are the same for pension as well as 401s. I would much rather have it in my possession then pray someone else doesn’t just steal it from me after 20 years. And if you really don’t like the stock market just send it to a money market account.