Does this tell you to forget pensions and control your own money. Social Security in USA is the worlds largest Ponzi scheme. My General Motors Pension was turned over to Prudential before bankruptcy. Retired 15 years now and have not tapped 401K.
If you are dependent on some company or union or government making retirement possible, you are just not reasonable.
Go back to what President Regan said, government is not the solution, government is the problem.