This simple approach can implement the Kelso dream in one working lifetime. Second, I reviewed America's pension system. Less than half of American workers have a pension at all. Fifty-one percent of American workers have no pension. There is an inherent problem in the current pension system.
Most small businesses have none.
Most large corporations have five-year vesting. But the current workforce pattern assumes that individuals will have 6 to 8, or even 10, employers in their lives. They can easily work a 45 year-period and never vest. The second plan to implement Kelso's concepts was to redesign the pension system. Under this plan, teachers have an automatic pension built into their employment contracts.