Even though Regina city workers' defined benefit pension plan has substantial unfunded liabilities, a switch to defined-contribution plans will only be considered as a last resort. That's unfortunate because without changes, taxpayers will be on the hook for pensions that guarantee city workers a retirement where they make a generous 70 per cent of the paycheck earned in their final five years of employment. In this blog post, Bill Tufts breaks down the numbers and suggests what taxpayers should be looking for.