It would be more instructive to ask how many are solvent, or have retained sufficient value to fullfill their intended purpose.
"So no company is required to have a retirement plan but how attractive will those companies be to potential employees?"
Employees are concerned with compensation, ie. pay check. Their concern with retirement "plans" are due to govm't tax treatment of their compensation, else they would just be saving on their own. Compensation levels also depend on competition.
"Nixon’s did not make everyone buy into the Government plan."
Everyone that is employed must pay into the plan.
"And you are correct, this is a relgious thread not public policy or economics."
So, why did the Bishops fail to condemn Lord zero's mandate as theft. Does people's earnings belong to Lord zero's mob, or any other mob that happens to hold a political majority? Is this like a platation?
spunkets:
As for Pension plans, most of the defined benefit plans that large corporations have unfunded liabilities, similar to Social Security and Medicare, Medicaide, etc.
Defined Contribution plans, which in the last 30 years, have become dominant [no Companies in the last 30 years have offered Defined Benefit plans because of the costs of administrating them] have no impact on a companies balance sheet other than the Cash Contribution the company makes to the employees Retirement account. The Pension plan is managed by some Equity/Retirement Management firm. Once the Company makes its contribution, its obligations to the Employee and Pension Plan are done.
Nixon’s plan, did not result in a Government run plan similar to Obama’s and it is on that point that say they ar different. Obama’s plan requires to use money from other sources to pay for it [borrow from medicare, medicaide] since those have a tax source, but those plans are as of now underfunded so that Obama’s plan means is more debt and or more taxes.
Nixon’s plan was largely based on using the Private Sector Insurance companies. If I recall, once obamacare was held by the SCOTUS, Insurance Company Stocks took a drastic hit and dropped significantly telling me the market changed its expectations about the future earnings prospects of said Insurance Companies those a revision in the stock price, i.e. downward.