How you count the numbers makes a big difference to whether municipal workers will be able to collect on their pension benefits when they retire. The most common accounting method used by municipalities is the dotted line. A new study using expected value shows a much larger pension bill due mid century. The French are in the streets right now, protesting only a two year increase in the age of retirement of sixty that some see at a birthright. Undoubtedly the retirement age will be raised in the United States to preserve Social Security's long term solvency.