But are you actually enhancing control for the retirees? Some of these plans are in trouble because of stupid investment decisions, which were made by people who thought they could make lots of money and that they were way brighter than the rest of us.
When a plan is in trouble, you're giving some greater authority for a workout, but are you actually allocating greater authority to the retirees to control the investment decisions that get these plans in trouble in the first place?