>Private industry is pretty much devoid of pensions for new workers now and my best guess is that government isn't very far away from that. You may very well b

>Private industry is pretty much devoid of pensions for new workers now and my best guess is that government isn't very far away from that. You may very well be correct. I think it depends on how long and deep this recession is, and how much debt we are willing to take on to support the public sector workers and unions. My point was just that, at least for people retiring now, the pension doesn't seem 'meager' - if you can get the deal the people retiring now are getting, it seems like pretty good deal. (Though yes, I don't know if if that will be possible in the future.)