I guess that works great until your city goes bankrupt, or, better yet, change it to mean you lose your 401K due to some other tragedy. It is a matter of perspective. Now all of sudden the needs of the one become pretty important to you.
You just give up without a fight, and move on without your 401K? Interesting. You sure there wouldn't be a double-standard there?
If it was me who lost my 401 I'd be pissed just like these people are. But since I'm looking in from the outside I don't need to have the same thoughts or concern.
Just like death, its sad when people die but I'll have a different outlook if it was a family member rather than someone 8 states away that I know nothing about..