[boop]

What stupid person thought that a fixed benefit program would actually work?

The markets go up and down. There are not guaranteed 8% returns forever.

I'd love to have a pension, but if some politician said vote for me, and on your retirement at age 50 you will receive the equivalent of $10 million dollars. The amount to generate a pension for a police chief for the rest of his and his wife's lives.

Sure I'd LIKE such a "promise" but I would know it's just not realistic.

I have NO sympathy for these people.

Yes you can say it was "promised", but the promise was loaded with lies and crookedness.

[Liz]

....... some vote-crazed politician said "vote for me, and at age 50 you will receive the equivalent of a $10 million lifetime pension".....

I've heard of prostitutes w/ a heart of gold.....but a politician with a heart of gold?

Lordy, what is the world coming to? (cackle)