“Fiscal Democracy,” Autopilot Spending, And Pension Underfunding: A New Report – Forbes

Pension actuary: "The only way to avoid the Scylla and Charybdis twin perils of underfunding or volatility and unsustainably high contributions is a Defined Contribution plan (or, failing that, risk-sharing pension plan) in which contributions are nothing more than a routine part of payroll expenses, year-in and year-out."