[quote=bearishgurl]Good L@rd, I think EVERYBODY should have a chance at a FERS, PERS, CALPERS, SDCERA, SDCERS and related gov’t pensions… let’s open up the “floodgates” and see how many “viable” applicants we get, lol, lol . . . let it roll . . .[/quote]

Now your talking !!,
I always said the only way to ensure that SS stays viable is to make it the only plan available to federal and state employees that is funded and guaranteed by U.S. tax payers.

Now we first need to ensure that all State employed residents who pay payroll taxes can participate in these plans and that they pay the exact same percentage the State employees pay, and have the same benefits. I think everyone will support these plans into the future (with enthusiasm even).

Otherwise even though they are by law not able to be defaulted by the state, new laws will be passed eventually (necessity is the mother of invention).

The Mayor of San Jose once said, one day in the not too distant future, there will only be one San Jose city employee, his job will be to pay the pensions of former city employees.

Well there is one other possibility, we could have some inflation. maybe 7 – 8 % for 5 to 10 years. That would probably get us there as well.