Totally agree. Failure to reform the system is part 1. Part 2 is underfunding it and then making ridiculous assumptions on returns. How do we balance it? We ba

Totally agree. Failure to reform the system is part 1. Part 2 is underfunding it and then making ridiculous assumptions on returns. How do we balance it? We balance it the way we tend to do things in this country - we wait until the system is on the verge of collapse and then the pensioners will either get their benefits cut, or taxes will be raised. Outcome will likely depend on the makeup of a given State or system. How long before one of the States with a good system starts advertising for young people to move there to avoid the problem?