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Glute_Thighwalker t1_iwthnw6 wrote

How would they go about addressing the current liability? That money has all been promised to state workers, and they agreed to that as a condition of taking the job in the first place. It’s locked in. Can’t they only really affect it for future hires?

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Extreme_Qwerty t1_iwv3um6 wrote

>How would they go about addressing the current liability?

They would CUT pensions and healthcare.

Promises aren't contracts. Nothing is 'locked in'.

The former state senate majority leader, Bob Mellow, recieves $20,000 a MONTH for his state pension. That's just ridiculous.

https://www.inquirer.com/philly/news/politics/state/Bob-Mellow-pension-prison-SERS.html

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Glute_Thighwalker t1_iwwa0yb wrote

I’m a federal worker in large part because of the pension. If they cut it out of nowhere, my retirement planning and saving strategy over the last 15 years would be shot to hell. You can’t do that to people. I imagine we’d strike if they cut our pension benefits.

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Extreme_Qwerty t1_iwxbvw5 wrote

I don't know how to break it to you, but an increasing number of Americans funding your pension and Social Security will have NEITHER available for them when they retire.

They don't give a fuck if yours is cut.

I fully expect to spend my retirement years living in a homeless shelter. If I'm lucky.

The number of Americans who struggle to obtain food and housing is on the rise, and the fastest growing demographic of homeless is senior citizens, many of whom get only Social Security.

You'll be lucky to get a portion of your pension and other retirement benefits.

https://www.npr.org/sections/health-shots/2022/11/10/1135125625/homelessness-elderly-housing-inflation

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