Cuomo's Pension Reform is also unsustainable. Why? We need 401-k.

Cuomo's Pension Reform is also unsustainable. Why? Because it continues out of date "guaranteed defined payment, old-style pensions" which cities and school districts cannot predict and keep up with. The only way Cuomo's new pension reform is sustainable is the drastic reduction of the number of current and future government workers and teachers. The unions are way out of touch. If the unions were smart, they would be pushing for a 401(k)-type option, where the value of a pension is tied to the performance of financial markets and the investment decisions of the workers, rather than keep taxpayers on the hook for a guaranteed, defined payout. With Cuomo's plan, the number of state, city, town, teacher workers must necessarily be reduced dramatically. As an alternative to Cuomo's Tier 6, let's propose a Tier 6a which introduces a defined contribution, sustainable, affordable 401-k pension, like we have in private industry.