One good economic downturn and these pensions are TOAST!
The Railroader
9 months ago
That which cannot continue will not continue.
Wally
9 months ago
What amazes me is that all these pension plans are so underfunded, yet the unions and members aren’t howling about the lack of funding. Tax increases aren’t going to keep up with the liabilities. Unless you’re nearing retirement, you have to really worry about the payouts of your pension.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
One good economic downturn and these pensions are TOAST!
That which cannot continue will not continue.
What amazes me is that all these pension plans are so underfunded, yet the unions and members aren’t howling about the lack of funding. Tax increases aren’t going to keep up with the liabilities. Unless you’re nearing retirement, you have to really worry about the payouts of your pension.