I’ve posted several pension and disability pay stories but this one, focused on public safety personnel, underscores the pervasiveness of the pension dilemma.  Cops and firefighters across the country are due generous life-time retirement payouts that, if they are not to eat up ever more revenue capacity of their jurisdictions, will have to be reduced drastically for junior or incoming employees–effectively cannibalizing the young to feed the old. No easy way out.  http://www.nytimes.com/reuters/2012/07/29/us/29reuters-usa-pensions-policeandfire.html?smid=pl-share