(Basically, pensions. They were offered to make municipal employment more attractive, which made the cities nicer places to live. They were not totally funded at the time the services were provided, even though the benefits of offering the pensions were largely consumed at that time.)
What confuses me is why people like you are personally are more concerned with cutting teacher pensions than cutting war budgets when it's fairly plain which one we actually want more (assuming you don't want to live in a country full of dumb people that is...).
I'm in favor of fully funding them at the time of employment.
I guess I would agree that fully funded pensions might not be as large as promised pensions, but it's not like promised pensions have a perfect record of getting delivered.
There's no real reason why pensions have to be used to pump up stock market prices. Social Security can simply be expanded, cutting out the million dollar bonuses and ferraris from the process.
I agree that a national benefit program is not as fraught as a local one.
As for whether someone can vote, that's a different story. You still have your basic rights such as the right to a fair trial. But the freedom to work shouldn't be restricted.
And yet it happens all the time under NAFTA with contractors and "service" companies.