Should be a Federal Law that requires states to budget for each year to a locked down individual account similiar to the 401K provisions. Some of these contracts are ridiculous. I saw some Rep Congressman on TV saying in his hometown, where average home prices are about 75K, the Supt of Education got 400K and 300K a year in pension. Isn’t it funny how states want their rights and then come for National taxpayers to bail them out.
He wasn't exaggerating either.
Take just Illinois for example.
Why Illinois Is In Trouble 109,881 Public Employees With $100,000+ Paychecks Cost Taxpayers $14B