Perpetual promises by successive bullshitting Federal/National & Local Governments to look after people in later years if they were voted in, were NEVER worked out from a practical aspect. The fundability is only viable in a status quo situation.
Post 9/11 all options were kicked off the table and nobody got hold of it.
Then the 2008 crash kick-started the long term decline in future funding, resulting in weekly borrowings via Government Bonds just to pay Govvernment Wages and State Pensions FOR THAT WEEK ONLY.
They are ALL insolvent, and we’re all going to be fucked….good & proper.