The current system is more like a 401k, money gets put in, and it is invested for the future retiree. So the new employees (since Tier 3 in 2003 or so) won't be a future burden. Does Lee know that or is he hoping for something more punitive, like forbidding public employees saving for retirement so that they will have to wear rags and beg for scraps from the taxpayers who can laugh at their predicament?