Originally Posted by threeighteen

The PBGC has never annihilated a pension.

UAL's bankruptcy judge that they bribed sure did though.

Laws have changed since then though, and there are better protections now.

The PBGC preserves what's left and maximizes payments to those affected, which includes COLA increases, believe it or not.

You'd be a fool to not want an A fund going into the future when economic growth for the next 10-20 years doesn't look optimistic due to significant amounts of boomers leaving the workforce with insufficient birth rates to replace them.

To expect that the stock market will grow like it did in the 20th century is pretty foolish when the economic indicators point the other direction.