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URL:  http://boards.fool.com/im-always-amused-that-its-ok-to-raise-pensions-27135458.aspx

Subject:  Re: Retirement in danger Date:  10/27/2008  4:36 PM
Author:  NuclearRedneck Number:  1316 of 1491

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?



Seattle Pioneer


I think it is because pensions are seen as a form of compensation. Deferred to be sure, but compensation none the less. More compensation is always allowed, but giving less than agreed is most likely a breach of contract.

Cheers,
Nuclear Redneck
Who is saving as though his pension will never happen.
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