[adventured]

There is another key point to fixing the absurd top N% of pensions that are receiving large payouts: maybe it won't save the budget, however those funds can go toward paying for more pensions (eg in the bottom 50%) with the same capital outlay. The $100,000 you shave off a spiked pension at the top, might pay for four lower level pensions. In these types of scenarios, 5% and 10% optimizations are a big deal over the long-haul.