Pensions are under attack. The goals are twofold. Increase profits for financial companies and reduce the economic power of sharholders.
If the Kochs and their allies succeed in smashing and scattering these last remaining pension funds into millions of 401(k)s, they will do more than just undermine the retirement security of millions of Americans. They will silence their economic voice. The pension reform drive should be understood, at least in part, as a campaign of economic voter suppression. And it is coming, soon, to a jurisdiction near you, if it isn’t there already.
The Real Reason the Investor Class Hates Pensions https://nyti.ms/2FTd5po