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

Question

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.

Answer 1

Most US companies find creative legal ways to ensure employee do not retire so they do not share future revenue.  Some say because of the Free Market outsourcing/offshoring jobs to foreign countries happens due to operating expenses lower than the US.  This is why wages for the low income are almost stagnant with most jobs offering little or no raises at all.  This has not been addressed by either Republican or Democratic US Presidential candidate.  

As for pensions only upper level management especially those on the board of director are offered in many ways.

Pensions chosen to favor owners and upper level management especially on the board of directors.  Have you noticed that many board members are owners or managers in other jobs and also belong on other board of directors?

Answer 2

No, companies should not get out of retirement coverage.  Why should they?  They really need to stop overcompensating CEO's Now that's the real problem!