But it is not right that those already receiving pensions, or those very close to claiming it, are not given what they were promised in their employment contracts.
And no, I don't have any pension plan, public or private, on the line.
Set the cut off date now, and end the unsustainable “pensions” for recent and future hires.
That would magically also cut the funny numbers games people play with on the topic, while not harming current and near future recipients of the grandfathered pension plans.
I agree that we need to greatly alter the way government employees are compensated for their work going forward.
Ask former Eastern Airlines employees about their pensions. Why should government employee pensions be guaranteed for the full amount and employees of private firms that go bankrupt get theirs drastically reduced? Are politicians promises more believable than corporations?