Saw a scary blurb on a news program this morning. With the current issues it appears that many public pension plans are going to be defaulting. It appears that the shell game of funding may have ended and it's time to pay the piper. I guess the feds will guarantee the pensions for some pennies on the dollar. Some of these state run pensions are more than a Trillion dollars in debt! I have relatives that rely upon these pensions to survive. My brother and sister in law both draw from the state of ........., doesn't matter. There are many. I know that over the years as corporations have conglomerated they have raided private pension plans and harmed their retirees. The difference here is they are civil service pensions. Interesting times.