[Carry_Okie]

Let's see, if I work in private industry, they can change my retirement deal virtually at any time, by simply re-organizing or selling the company.

\ OTOH, A State employee works for thirty years, gets a cushy deal for one year that threatens bankruptcy, and then can't be taken back to the old system with an adjustment payment for that one year?

[SolidSupplySide]

Let's see, if I work in private industry, they can change my retirement deal virtually at any time, by simply re-organizing or selling the company.

\ OTOH, A State employee works for thirty years, gets a cushy deal for one year that threatens bankruptcy, and then can't be taken back to the old system with an adjustment payment for that one year?

If you are covered under a plan in private industry, you are covered by the PBGC. Public sector workers are not. I'd take the protections given to private sector over the public sector.