Pension Reform
Advice to LA Pensions: Follow Warren Buffett
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  • Andrew Allison

    Shouldn’t the message (to public employees) be: The longer the city delays adjusting expected rates of return downward,
    and the longer it delays upping its contributions to the system, the less likely is is that pensioners will receive anticipated benefits.

    • Jim__L

      Pensioners need to be prepared for cuts. If upping the contributions to the system would prevent services from being provided, and prevent new employees from getting the same pay as the old employees, they shouldn’t be upped.

      If future generations have no chance of seeing the same deal as previous generations, there’s no reason the previous generations’ deal should be respected. Cut it down across the board.

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