Poor Math, poor research. Most Public pensions in Canada pay for themselves, or are a Net Benefit for government! For example, if the current cost is 20% (employee=10%/government=10%). You need to account for the income taxes charged on taking out the pension (10%-35%), then sales taxes paid by spending the left over pension (of which most is spent on living costs), finally the additional cost of poverty: social services, housing, healthcare, drugs. Most of these arguments against pensions bogus for these reasons. Its actually much better to expand pensions for everyone as public pension investors charge much less than big banks, so more goes into your pocket. Now that's Good Match + Good research.