Re:The State Pension Funding Gap
by awinder on Friday April 13, 2018 @10:07AM
(#16830087)
I'm all for this generation deciding, collectively, that the previous generation did not appropriately fund government and making a deal -- through estate transfer taxation -- to make government whole again. How that's structured is up to debate, but let's not spike today's economy and today's society when the debt problem can be reasonably solved over a longer period, causing less downstream effects. Everyone from the previous gen. is culpable in this, but these people are also our fathers & mothers, so let's not try to handle this situation in the most abrasive way possible.
[ Parent
| on HN ]
Even when pension reform proposals do not change benefits for current employees and retirees, and only apply to new hires, unions will resist fiercely, such as this case in Kentucky.
> KEA opposes the pension reform, in which new hires will have to enter a hybrid cash balance plan, which differs from a traditional pension, and would limit new sick days that teachers can put toward their retirement.
https://www.cnn.com/2018/04/11/us/kentucky-teachers-pension-...