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URL:  http://boards.fool.com/gtgt-when-asked-about-patricks-proposal-to-27134491.aspx

Subject:  Re: Retirement in danger Date:  10/27/2008  1:08 PM
Author:  ziggy29 Number:  1312 of 1490

>> When asked about Patrick's proposal to revamp state pension plans, Widmer said, "Obviously changing the benefits of public employees is a very difficult proposition. On the other hand, in this kind of situation, the state is facing this may be the best time to take some kind of unpopular action." <<

You never say never, but I think it extremely unlikely that existing and already accrued pension benefits can or will be cut. As I mentioned I do believe they can "freeze" the pension or give less credit for *future* years of service... or they can stop putting new hires into it... but I really, really think any attempt to cut earned pension benefits, based on years of service already worked, would be DOA.

#29
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