China is not the only major nation reaching the end of an era. After roughly 75 years, Americans have come to take for granted the “defined benefit” safety-net programs like Social Security and Medicare, as well as the even more generous programs offered to many public and private employees. However, the public sector is finally learning what most private firms learned two decades ago: Defined benefit programs are unsustainable. Why is this happening now? What are the implications? What can you do to make the most of it? We’ll show you.