A retirement system which does not put the major burden on future residents of the State would be one which has 4 elements. First, every employee will pay into social security and be eligible to collect it when they retire. Second, the State will offer a 401K program to encourage each employee to invest a percentage of their salary into this tax deferred system. This could be done through a matching investment by the State up to some percentage of the employees income. Finally, there could be an actual pension based on the number of years the employee works and an average of the last 5 or 10 years of employment. These 3 retirement programs along with the employee’s own private savings should provide security in retirement.
The issue with this however is that US Congress started dipping into the social security savings fund for things other than the employee’s retirement. This has to stop as those needs are not funded by the people receiving them. The US Congress should not take your savings and give it to someone else. If the need is there, then separate funding should be identified.

With the above system, our children will not have to be unfairly burdened with pension plans.