Originally Posted by gerntz
^Congress wouldn't be cutting anything. Just not backing pension overpayments relative to the funds for them.
I'd be ok with the bill if it takes account of the reason for underfunding. If it is because employers have failed to make the contributions they promised or made over optimistic return assumptions they should be required to make up the shortfall rather than reducing benefits.
OCCUPY ER, <=>
"The needs of the many outweigh the needs of the few, or the one." - Spock
Retired Mar 2014 at age 52
Target AA: 70% equity funds / 28% TIAA-Traditional/ 2% cash
Target WR: 0.0%,
Income from pension, rent, and eventually SS