Certainly, it behooves a prospective retiree (especially an early one - i.e., anyone not ready to go on Medicare) to have alternatives to "promised" employer benefits. Having said that, Kodak's pension appears to be safe (and the back-up is the PBGC). So, for instance in my situation, I took an up-front larger pension at the expense of a smaller "promised" survivor benefit. The pension should keep coming even if my old Megacorp should find a need and way to weasel out of the survivor's benefit. My old Co. does provide medical insurance for retirees (coordinating with Medicare at 65) and THAT benefit was the one I was (and am) most concerned about. To provide a back-up, I increased my "number" substantially before ER. The back up is to then take out a Medicare supplement (at my own expense) should the worst happen. BUT, I planned for this possible change-of-plans. To me, it's all about having an alternative plan. If you ever trust anyone, be sure it is yourself - not a big corporation. YMMV
Ko'olau's Law -
Anything which can be used can be misused. Anything which can be misused will be.