The funds that have been put away for pensions are usually remote from bankruptcy, and won’t become part of creditors’ settlements. But so many public pension funds are underfunded because of inflated return estimates that the funds may not be sufficient to pay the calculated benefits that the recipients are expecting.
Yes. I am in a union, and my pension is safe from creditors. I am glad I am not in the public sector.
And no one I work with is a slacker. They would get their butt’s kicked if they were.