re: Pensions may bankrupt Dallas (Reason)

I hate to say this but when you depend on others to pay you after you retire, you should be very worried.

Unless that money is in your bank account, it can be taken away.

The old school pension system is dead.

Buddy of mine is an officer here in Florida. His retirement isn't with the state of Florida or the county. It's his account which the county contributes to.

No one can ever touch that money. It's his. He might not have a "monthly income" from the state when he retires, but he'll have control over his money.