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I highly doubt that anyone with a government pension will lose anything, especially at the state and federal level. Perhaps the pensions will become frozen, and perhaps they have to stop adding new employees to the defined benefit plan, but governments have something private businesses don't: the power to raise taxes to fund the pension.

I don't know about that. The Governor of 'Taxachussetts' recently proposed spending cuts, including revamping the state pension plan :

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."

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