My Quick fix on pensions

Pensions treat the funds that are deposited into them (whether from the employee or employer) as money that will absolutely earn a positive return over the life of the investment (aka, up until the point the person retires. Here lies the problem. Not all investments pay off. One can say, "Well, they should only be in low risk investments.", but that's not absent of risk, nor does it guarantee any substantial return.

And most funds operate under the assumption that the investments will gain X% a year, so the inputs are adjusted accordingly. God forbid there be a down year, or a stagnant decade, because then it'll fall largely on other people not putting into the pension or benefiting from it.

Want to solve the pension problem? Let them fail, then watch what happens next.