Cops in Texas are already bailing on their jobs en-masses to get a pension locked in before they all default.
Any pension that isn't fully funded is by definition a ponzi scheme.
And yes, that's the vast majority of them.
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I know a lot of people take advantage of the pension process to make the most money for when they start to collect, liking working a lot the last year of their career. But on the other hand, good honest people were told that they would receive a pension and hence stayed at their job for decades. I hope people will wake up before the whole thing unravels completely.
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