How sustainable are those retirement benefits/pensions given the finances of many states and municipalities? There is already news about pension cuts, etc in se

How sustainable are those retirement benefits/pensions given the finances of many states and municipalities? There is already news about pension cuts, etc in several places and it will likely get worse in the future. Basically you depend on the local government to make good financial decisions (the fact that your pension is so high might be a counter-signal to that). If you work in top tech companies and save enough, possibly with the option to relocate to cheaper areas when retired, you can have more ensured returns from investing judiciously in bonds/stocks. Should you trust your own responsibility to manage finances or the local government you work for?