Eliminate all future pensions and offer 401’s or other savings plans ... Public service was never supposed to be so lucrative in a monetary sense. The percentage of private jobs that offer big pensions or a pension at all is about extinct...used to be not so long ago that a town or city employee would take a low paying position to obtain the good insurance while the other bread winner would go for the dollar without any bennies.
Someone should figure out a way to bring a lawsuit to the Supreme Court and get them to declare that all forms of defined benefit pension plans are illegal, including Social Security. Force them all to unwind and privatize.
That would solve a lot of fiscal problems pronto.