A $70K worker who gets $50K for the rest of their life is getting $1 million dollars which is not so bad if they work 20 years to get it. $1 million over 20 years is the same as $50K a year over their regular pay. You have to throw Interest and Inflation in the mix but the way governments invest that's pretty close to zero. The problem is that you can work 4 years for an obscure board or get elected to water commissioner and get a huge pension plus health care for life. News channels are too stupid to figure out how much that really is. When governments say they are broke, its often pension plans that are doing them in.
In regards to post 90 and 91, you are highly misinformed or just plain lying!