3 ms·
They will either have to increase contributions or cut payments to future retirees.
by gnopgnip 10y ago
They will either have to increase contributions or cut payments to future retirees.
- numbsafari 10y agoAs if those are the only two options... what happens when the unions plans their strikes for the week before a major event, like transit workers before the DNC here in Philly? Also, when tax-free pension contributions go up and taxable payments to future retirees go down... then taxes collected also goes down...
- seanmcdirmid 10y agoThey strike they strike. It's happened before, it will happen again. As for a change in tax revenue, the same is true if you contribute more to your 401k and/or get back less because your investments didn't do good. Also, if you lay state employees off, your state income tax revenues go down.