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And there is money available for this plan. The topic is how to pay for it. It will be paid.

 

 

The solution is to reform the plan, not to take more from the public when the plan fails.  That's called contagion.

 

All pension plans are going belly up, because there's no way to meet the projections.  They were created with the assumption that the fund will grow at least 8% a year.  With the Fed keeping interest rates at 0% forever there's no possible way to earn 8% unless the fund makes increasingly risky investments which put the whole fund at risk.

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