Damn, didn't take long to get to the real reason. Governments are scared shitless about the public pension default issue. The hundreds of billions of unfunded l

Damn, didn't take long to get to the real reason. Governments are scared shitless about the public pension default issue. The hundreds of billions of unfunded liability with regards to public employee pension payments has been well known and no good solution has been found. From straight up state employees to those working for transit authorities. The numbers of truly staggering. So I guess need a new means to sell people on a lower payout? Perhaps this will also end up in a way taking over SS?