As a baby boomer, my interest in pension plans has grown as I approach the magic age when “mailbox money” will appear in my bank account every month. When I entered the workforce in the late 1970s, pension plans were a foundation of every employment contract along with a monthly salary and health insurance. We were led to believe that our employer was contributing to a guaranteed benefit on our behalf, a benefit that we would have access to once we reached the requisite pensionable age.