Yes, it is unfair - proposed and verified by our wonderful politicians that needed your votes. Do you see any problems here? Doubt it, you have yours and hell with the poor people that have to sustain you and your pension.
Yes, I do believe in the contract law...but by god we can change the future... These kind of benefits can NOT continue and actually, you would probably agree. You’ve got your gold, but this can not be sustained.
They could have simply paid me off, and I could have walked away with the money and invested it. My heirs would have been most happy.
Well, as it turns out the government LOST THE BET. It's time to pay.
Sometimes that happens when you cheat people with nickel and dime deals and then they don't die. It's not that I'm stealing anything from you ~ a deal is a deal ~ your representative sought to deprive me of rights and income ~ and he knew what he was doing.
You'll notice that in Wisconsin Governor Walker is NOT proposing to take away any "earned" benefits. The credit for retirement already earned stays right there. The proposal is to have the employees pay a pittance for their future retirement benefits.
Over the years I found Congress doing that to me regularly. Sometimes they'd want 7%, and other times 7.25% and even 7.8% ~ then it went back to 7.15% ~ notice though, they always wanted something. NOBODY in the federal government ever got the deal the people in Wisconsin got!