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Author: NuclearRedneck Three stars, 500 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1483  
Subject: Re: Retirement in danger Date: 10/27/2008 4:36 PM
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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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