I'm going to go ahead and call bullbutter on the idea that it's not the current retirees fault. Boomers did this. They did. When everything was good in the 80's and 90's you accepted and passed legislation to get yourselves huge payoffs without even thinking an iota of those coming in behind you. Selfish moves all day. Because you failed to account for the future, you now have to deal with what you accepted as a Retirement fund. Now look at it... Sounded so good at the time too when you were 30-40-50 years old huh? I hope it turns worse than Illinois. Maybe our children can learn not to be so selfish across the board.