Kind of interesting that sort of conclusion / assertion gets mentioned without inferring that moentary policy is so out of whack that "Saving" the old fashioned way is not a good course of action. Those pension plans were based on about a 7% return, which ain't crazy, but now seems nearly out of reach without significant risk (re: equitites afloat on easy money). Staggering the factors at play here...Fed Policy, Healthcare Inflation, Stagnant Worker Wages...ugh