Mulligan
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 3, 2009
- Messages
- 9,343
Although my pension is currently fine, if something happens, I would rather tweak it a bit early than see the heads go in the sand until its too late. Some of these court rulings may be short sighted and end in bankruptcy issues creating more painful cuts in the end. So many levers can be gently pulled. Reducing COLA's (if applicable), increasing employee contribution rates, raise minimum wage to draw pension, without increasing needed years to work, lowering multiplier, gaming strategies, etc. But just doing nothing and let pension systems draw down to 30-40% prefunding levels while saying nothing can be done to change system hurts everyone and will ultimately blow up the system.
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