[quote=no_such_reality]CAR, the plan is very simple, the Union’s must accept a reduction in their retirement benefit. A further conversion to 401K style plan eliminates the long term risk to the taxpayer.[/quote]
Once again, because you apparently missed it…
Even if you converted everyone over to a 401k plan, there would still be a budget crisis. The pensions are NOT the primary reason for the budget crisis. We have a budget crisis primarily because revenues went down (and we have a “pension crisis” because of investment losses, not because of “greedy union workers”).
Now, what are your suggestions for fixing our budget? Remember, pensions are just the tip of the iceberg and changing/reducing pension benefits would NOT fix our budget problems.
