There are many gov't pension programs at all levels that are in severly underfunded condition. Detroit is a good example, and even with the partial bankruptcy resolution and pension reductions they are still not totally out of the woods. Puerto Rico and Illinois are further examples. Even if you are not due one of these pensions you are likely to be involved as a taxpayer. [mod edit] Now those bills are coming due but the money is not there.
"The mountains are calling, and I must go." John Muir