Makes me appreciate my father’s government pension that is indexed to the CPI. Civil service is looking better and better these days.

Sure pension funds look great when your’re at the top of the pyramid and the base is full of baby boomers. What happens when all those baby boomers start to retire over the next 20 years and the pyramid gets inverted? Government pensions will likely suffer the same fate as social security — future pensioners will get something, but it won’t be near as much as today’s pensioners are getting.