Here is an interesting article about the New Jersey State employee's pension system. It is totally busted, state and local governments haven't been contributing, and the average payout is $60,000 a year. 1 in 3 pensioners move out of the state when they retire (because taxes are onerous...because of the pensions...?).
Brutal. Imagine you're now 40-something, having banked on a comfortable pension when you retire, ie not banking your salary to a retirement account, and voila, the carpet is going to be ripped out from under you.
Save your dough.