And it continues. My daughter-in-law has been teaching in the local public school for 5 years. She will be able to retire at 53 on a full pension, with benefits. They are 'talking about' updating the teachers' pension program, but she is grandfathered in and her pension will never be modified, as it is sponsored by the State, which can never declare B'ruptcy. MAYBE in a few years, the teachers they hire THEN will be stuck with something like a 401k, but current teachers are golden.