Simulation 16 is hilarious. By the state dynamically scaling how much they print money in order to support government workers, government workers accumulate more wealth than the producers of goods.
You will never find a non taxpayer funded entity promise something like this:
>After 30 years of service, LA lifeguards can retire as young as 55 on 79-percent of their pay.
Go ask an insurance company how much an annuity for even $80k would cost starting at age 55 until death. It would be $1M+.
Social Security averages out your earnings for your whole lifetime to calculate the benefit, and that is with the power of the federal government. City and state governments regularly promise employees final average 1, 3, 5, and at best 10 pay formulas. So you see cops/firefighters/lifeguards/etc spiking their overtime and working 80 hours per week for the last few years, doubling and tripling their DB pension benefit.
And you simply will not see this outside of taxpayer funded entities.
I understand that unions like OT for their members (of course they would!) but as an employer it's insane to be handing it out as regularly as government employees get it.
That would solve politicians being able to pay with unaccounted for benefits that become a burden decades later, and increase labor price transparency and result in better functioning markets once employers are out of the health/vision/dental/public transport/retirement benefit business.
And a third bird it kills is reducing the advantage big businesses have over small businesses.
No CEO or programmer dies in the line of duty, yet you can't throw a rock on this site without hitting thkse kinds of compensation.