Why an elected official would /ever/ get a retirement plan, I don’t get. Oh, wait, they gave themselves a retirement plan. How nice of them. Dump the retirement plans, refund any contributions made by public employees (I’m sure the fund can meet that obligation) and dissolve it. Let the people who invested in it go find their own plans to get involved in.
You want a good retirement plan? Make one yourself, or get involved in a company that makes enough money in profit to finance your desires.
I’m all for pension plans, but the generosity in some of these borders on the ridiculous. Some of these pensions guarantee 80% of the person’s salary based on their 5 highest paid years until they die.
Hell, give me that deal every day of the week. No way I’m going to see that in the private sector.