But the idea of a pension was not, and is not, extravagant. It’s premised on the idea that some of the profits you help produce for a company should go not to stockholders, or the CEO, but back to longtime workers, who would continue to receive a portion of their salary even after they retire. In essence, the worker committed years of their life to making the company profitable; the company then commits some extra years of its profits to the employee.
