Basically lawmakers who approve sweetheart deals are no longer in office by the time its apparent they won’t deliver as promised.
Such sweetheart deals have no real money behind them - its just an IOU with a promise of future funding. Good luck with it when it doesn’t materialize.
We have lots of unfunded pension plans around the country and one way or another, taxpayers are ultimately on the hook for them.
“We have lots of unfunded pension plans around the country and one way or another, taxpayers are ultimately on the hook for them.”
I disagree. Here in CA the judge has already told two cities that they could abrogate their union contracts in Chapter 9. The fact that their leaders chose not to do it (this time) doesn’t mean that it won’t happen in the future, These PE pensions are unsustainable. When the people finally have had enough (like they have shown by electing Donald Trump), these pensions will be given serious haircuts. I mean when they do, some retired cop or fire fighter is going to have to sell his ski boat or his cabin, poor baby!