> Why should $CORP really be responsible for benefits 30 years hence?
Because they're in a better position to pool risk, hire expertise, and generally run a pension well than an individual is. I mean I do think governments should focus more on improving universal pension systems rather than offering tax breaks to get employers to do it for them, but pushing it right down to the individual is even worse.
They’re mostly just paying money into a pension fund someplace. (Though maybe not enough.)
An individual can farm out investments to a target date fund at Fidelity or wherever.
The argument/issue isn’t really that it’s hard for individuals to make investments relative to pensions but that many don’t. So we need to not make it an option and do it for them.
> An individual can farm out investments to a target date fund at Fidelity or wherever.
Sure, but they have no way of knowing that a target date fund is what they should be looking for, or which target date funds are good and which are high-fee scams (or rather, they have no way to know that high-fee is the thing to watch out for). The seemingly logical thing might be e.g. put everything in the fund with the biggest headline return number in the last year.
Because they're in a better position to pool risk, hire expertise, and generally run a pension well than an individual is. I mean I do think governments should focus more on improving universal pension systems rather than offering tax breaks to get employers to do it for them, but pushing it right down to the individual is even worse.