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Reply #63: The retirees were promised this level of compensation. [View All]

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Gormy Cuss Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Dec-04-11 11:01 AM
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63. The retirees were promised this level of compensation.
The only reason public pensions are a hot button is because defined benefit pensions aren't as available to younger workers. They're not available to younger workers because of the weaker defined contribution plans.

IOW, the problem isn't THESE pensions. It's the failure to provide this benefit to current workers that's the problem. The current workers aren't being forced to take a pay cut to pay for the pensions. The city is choosing to frame it that way.
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