[quote=no_such_reality]I don’t think anybody is faulting or denying someone a reasonable pension for working 40+ years. In fact many of pension currently being drawn are quite modest.
The problem is the 90s/00s giveaways, particularly to ‘safety’ workers. That resulted in pension spikes like this for OCFA.
And no, none of the changes made for pension reform change this for existing employees, just new hires.
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You do realize that the pension spike noted in this chart is due to the “economic crisis,” and not the enhanced benefits (which are, and will continue to be, addressed via increased employee contribution rates), right?
Not only that, but most of the pension reforms do indeed apply to current workers.
Not sure where you’re getting your info from, but it’s wholly inaccurate.
