Rustic23
Thinks s/he gets paid by the post
I have two federal gov pensions. Mil and SS. For me those two pensions represent just about all of ours, and I suspect others benefit from SS.
So, what type of financial disaster would have to take place to put this type of retirement situation in jeopardy. Now I know you could say the gov could cancel these pensions, but the probability of this is extremely low, so if you choose to discuss this how about some idea of how likely you thing your scenario is likely.
Hyper inflation with the governments once a year catch up may be one. However, I think if this were to happen gov might step in with some sort of leveling device. However, I think it would still be after the fact and some standard of living would be lost.
So, what type of financial disaster would have to take place to put this type of retirement situation in jeopardy. Now I know you could say the gov could cancel these pensions, but the probability of this is extremely low, so if you choose to discuss this how about some idea of how likely you thing your scenario is likely.
Hyper inflation with the governments once a year catch up may be one. However, I think if this were to happen gov might step in with some sort of leveling device. However, I think it would still be after the fact and some standard of living would be lost.