Originally Posted by kaldaniels
If this were isolated to MLB I'd be outraged but there are many 8 billion dollar (revenue) companies doing very well that don't offer pensions. No sense busting MLB's chops too hard over this.
Frog in the kettle effect. While I agree that "well everyone else did away with those dinosaurs years ago," it doesn't make it the right option necessarily.
I am an accountant by trade, but also wear an HR hat in my current position. As an accountant, pensions are horrible for employers. Put on my HR hat, and it is an employee friendly perk. I see both sides, that's why a 401(k) with an employer match or a discretionary profit sharing setup (for a cyclical company that has inconsistent bottom lines from year to year) is a nice compromise for the company that does not want to expose itself to a pension liability. Perhaps MLB already has that in place, but it is a bit cheesy at this stage. Pensions could return if healthcare costs get under control, but probably not until that area of employee benefits stabilizes.