All you are doing is repeating the conservative mantra that pensions and social security are Ponzi schemes. BULLCRAP ! Explain why the Western Conference Fund is 91% + funded with similiar contributions and payouts to CS then. The fund managers, the lawyers, and the court appointed investment firms have done nothing but mismanage and plunder CS since 1982 when the US Dept. of Labor took control of the fund. Along with increased payouts mandated by the government like Crystal mentioned we are in the shape we are today. Don't forget the board of CS consists of equal management and union reps. also. True YRCW is only paying in partial contributions but their members have also taken huge cuts to their benefits as a result. As far as Social Security I have paid in and had payed in on my behalf by employers over $230k in my working lifetime. Invested at a reasonable rate of return that would cover my benefits payed out to my normal life expectancy. The concept is simple, you get back in proportion to what you pay in. If the politicians would keep their hands off the SS trust fund it would be solvent for many years to come. Certain political factions would love to get their hands on the SS trust fund and hand it over to their Wall St. pals so they could steal it like they have the assets of CS pension.