Pipelines

[Czech_pivo]

More volatile and they lost a huge chunk of it when the firm went belly up, as employers offer stock options instead of cash. I am not an expert on it, but my wife and I were looking at each other and thankfully for what we have.

Sad to hear that occurred. Sadly, it could just as easily occur here if you work for a company that has a defined contributions plan instead of a defined benefits plan.
Outside of government, very very few defined benefits pension plans around anymore. Even with the banks all new employees are in the defined contributions plan nowadays.