Union Pensions Running out of Money, Fast
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  • Anthony

    We’re not just identifying defined benefit pensions; questionable accounting practices, full funding decisions, rose-tinted investment projections, and sundry other choices have brought pensions to this moment. In a climate of change and ongoing creative destruction, how does a economic/political system reconcile promises to current and expectant pensioners with economic reality? Trends tell us…are factors limiting options.

  • Kelly Hall

    Many would-be public pension recipients knew full well that the benefits promised them were far too generous to be sustainable. They’re expecting to live the good life in retirement, including lifetime medical, on the backs of hard-pressed taxpayers, most of whom have nothing to look forward to other than Soc Sec, Medicare (maybe??) and crappy 401k’s. They should be happy with getting even a fraction of what they expected, because any amount they receive is more than the vast majority whose taxes pay those benefits.
    If they want to protest, let them go to the cemetery and seek redress from the long-dead politicians and union cronies who negotiated these pie-in-the-sky deals.

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