Is your pension about to flop?

I had a discussion yesterday with a colleague about investments, pensions, Social Security and the possibility (probability) that our retierment years may be very different than what we have expected.

One strategy that we had discussed previously was that of changing jobs after qualifying for the company's ten-year pension in order to work for another entity to get a second pension, thus retiring with two pensions, plus Social Security.

This article discusses the risk in current pension funds that are not fully funded and rely on stock market returns for payouts.  Sure, we always figured Social Security benefits would be "revised", but now our pension, too?

Yikes.