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I don't think so. The vesting contribution terms can lengthen, the payouts can decrease, and the withdrawal minimum ages can start later. Sure, some funds that
by lr4444lr 7y ago
I don't think so. The vesting contribution terms can lengthen, the payouts can decrease, and the withdrawal minimum ages can start later. Sure, some funds that are ailing will be in trouble, and there may be a yearning for the good ol days, but "Destroyed"? C'mon: these are govt. jobs with mandated contributions from people who are risk averse and have few better employment options.
- CinchWrench 7y agoNot all pensions are public employee pensions! There are a lot of machinists and truckers out there who are already feeling this pinch.