As I've said before,........neither the Government, or Big Business,....wants working people to have the kind of political power..(money/stocks..)...that a Defined-benefit, Multi-Employer pension plan,.....answerable to the membership, through the Trustees..(supposedly..)...has......
Both groups could care less if each of us working schlubs had our own little "pile" of money in a defined-contribution fund....But what scares them is when a politically active Board of Trustees decides to do...."social engineering".....with hundreds of thousands of shares of stock held in pension funds,........and financially punish a company engaged in anti-Union or anti-worker activity......by massive stock sales, or other strategies......
So, therefore,......don't look for any sort of....."rescue"....of pension funds. Big Business is lobbying heavily to have defined-benefit funds die on the vine, as it were,......and Government,....post "Citizen's United" ruling,....only responds to what the Big Donors want.......
Certainly not working people........We don't have the cash to get Congress' ear.........
Funny thing is.........Government representatives and employees all retire on.........Defined-Benefit Plans..........
What's Good for the Goose,.....ain't apparently ...Good for the Gander........