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A comment on The Pension Hole for U.S. Cities and States Is the Size of Japan’s Economy. Parent comment

Re:The Pension Hole for U.S. Cities and States Is the Size o... by xeromal on Monday July 30, 2018 @05:33PM (#17648252)
I feel wary of doing this because I feel this is what's going to happen with my IRAs. I was promised that if I pay my taxes now I don't have to pay them when I'm old, but supposed the next generation decides they want to change the rules. Do I just pound sand and give up?

Pensioners were given a promise and now we're changing the rules. It feels wrong even if the promise was unrealistic.

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Re:The Pension Hole for U.S. Cities and States Is the Size o... by dpatrick86 on Monday July 30, 2018 @06:16PM (#17648647)
Just for clarification... you described a Roth. Usually, when someone says "IRA" without further qualification it would be assumed to be a traditional.
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Re:The Pension Hole for U.S. Cities and States Is the Size o... by wang_li on Tuesday July 31, 2018 @11:22AM (#17653875)
> Pensioners were given a promise and now we're changing the rules.

There is a slight difference between the two situations you describe. That being that the promises being made to the unions were not being done by disinterested parties. Public services unions are notorious for being some of the largest donors to state and local candidates. The negotiators on the management side of the table are deeply beholden to the unions and have no personal interest in paying the obligations they are agreeing to, it's all put on the tax payer.

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Re:The Pension Hole for U.S. Cities and States Is the Size o... by spullara on Friday August 03, 2018 @04:20AM (#17678109)
Might be wrong but based on the numbers probably inevitable.
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Re:The Pension Hole for U.S. Cities and States Is the Size o... by ethicsengineer on Tuesday July 31, 2018 @02:38PM (#17655810)
Pensioners voted for free money at a cost to future generations, unsurprisingly future generations we're not interested in giving greedy old timers free money.
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