In June 2012, the city of Stockton, CA filed for bankruptcy. One result is that current retirees will see their pension plan payments reduced. Cutting current retiree benefits used to be unthinkable! But in today’s economy, government employers—just like private corporations—are struggling to pay the bills, including retiree pension payments. This uncertainty is a new risk faced by anyone who currently participates in a pension plan (or will in the future). But there is a straightforward way to deal with this risk. Watch to see how!