PFRDA

Retirement System ... should companies get out of retirement coverage?

The 1980's was largely about raiding companies that held over funded pension plans, pension plans that weren't over funded were often dipped into, in any case a case can be made that company involvement in pension and retirement plans takes away the ability of companies to efficiently and better effectively compete with each other under a free market capitalistic system and hurts revenue, profit, gross domestic product, etc. I am not saying that medicine and retirement plans should be socialized, merely seperated out of businesses and corporations and a new broader, more population inclusive and affordable system be developed. There is no reason why such coverage couldn't be independantly operated.

Public Comments

1. To a large extent they are doing just that by offering matching contributions to 401K plans instead of guaranteed benefit programs. Even the federal government abandoned it retirement programs in the 1980's for new employees.