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Retirement Discussions / Retire Well on Less
|Subject: Re: Retirement in danger||Date: 10/27/2008 4:29 PM|
|Author: SeattlePioneer||Number: 1315 of 1491|
<<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.
I'm always amused that it's OK to RAISE pensions that people have already earned, but somehow the idea that such benefits could be cut is always proposed as being unthinkable. Why is that?
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