Earlier quoted context omitted.
Perhaps. But any company who makes the claim of pensions or "we'll promise to pay you more later" should be legally required to store that in escrow. So if/when they try their little bankruptcy schemes, it won't work.
I agree, at least for modern for-profit corporations. The USPS has a better track record than that class, is at least quasi-gov't, and, as a citizen, I'd be happy considering all USPS obligations backed by the full faith and credit of the US gov't.
My wife and I will have different payouts for Social Security, because the younger have been stolen from. Every year that the federal govt adds to Social Security is one year less I get. And that matters to my housing, quality of food I eat, medical help, drugs I need, and basic quality of life.
https://www.ssa.gov/planners/retire/retirechart.html
I pay in the same percentage as older, yet they can retire earlier and get their money. And given my family proclivities of massive heart attacks in late 50s/early 60s, I'll see none of it. And I'm diabetic - this country cares little to none about health care... How many "supplements" will I need for medicare when I'm close to retirement age?
Where I'm sitting, I don't have that much to look forward to, given how much I've (forcefully) paid in. And I have little trust in the chuckleheads in office the last 20 years - since I've been able to vote.