The days of those with pensions are few and far between these days. Even for the Boomers either they have drastically been reduced (or probably will be).
If you give me the choice of a quality pension that is GUARANTEED to be around throughout my ENTIRE retirement, I’d probably gladly give up a million or two. But the thing is that I don’t think that ANYONE can truly guarantee any pension will make it throughout the duration I’d need it.
Edited – Oops. Flu was posting at the same time and I didn’t see his comments as I was typing mine. I agree with flu.