or cut the pensions
That can NEVER happen!
They wrote themselves a check on the taxpayers account!
The taxpayers OWE them.
(I realize this is a satirical story, but my response is not.)
or cut the pensions
They already retired. This is one reason why the Post Office is forced to pre-pay pensions before people retire. I think all places should have to do this. That way this will never happen. How much do people pay in property taxes now? I know I pay 6600 a year in Maryland so if I would have to pay 13,200 because the stupid government messed up by not being prepared for the retirees, I would be upset with the government big time. I would still be able to handle the increase, but there would be some personal goodies that were cut that is for sure.