This document discusses myths and realities regarding proposed pension reforms in New York. It addresses 8 myths: 1) the reforms are an effort to demonize employees, 2) benefits are meager, 3) contributions are not historically high, 4) the system is not broken, 5) defined contribution plans would be too complicated, 6) employer contributions are minimal, 7) defined contribution plans are too risky, and 8) individuals cannot be trusted to choose plans. The realities provided show that the current system is unsustainable and costs have risen dramatically for taxpayers while contributions from employees have remained stable. Defined contribution plans can provide stability if implemented properly.