Re: Much like my pension, which I'll likely never get.
I work in education and, despite the local pension scheme being well managed and profitable, have had my pension "renegotiated" downwards twice in the last ten years as "public sector pensions are in major problems".
It's a myth that the *average* public sector pension scheme is underfunded or badly run. I've paid in for thirty years so far at a regular (slightly increasing) percentage of my salary and can look forward to a £15k (yes, FIFTEEN) pension in 15+ years time but public sector employer contributions have varied widely, including taking pension holidays ... oh, hasn't any Prime Minister or Chancellor mentioned that?
It's only the top brass, civil servants, MPs, judges etc that get non-contributory or low-contribution civil service type pensions *and* can retire early on full pensions. Yet, during renegotiation, the civil service unions were screaming as some of their members would have to actually make a contribution to their pensions!
"Public sector" pensions are *not* all equal - do not tar us all with the same brush.