JerryK wrote this in a comment a couple of weeks ago:
Stop payments into City retirement funds (that are underfunded anyway) and convert employees’ equity into annuities. Subsequently make annual contributions into employees’ IRA accounts so they are on a level playing field with the private sector that has largely abandoned pensions. Contribute what we can afford, like the private sector.
If any of us have to participate in the social security system then I believe that all of us should have to.
The pay that our government employees receive should compensate them fairly while they are working. Pension plans should be eliminated.
We deserve better