3 ms·
Isn't a solution to defined benefit schemes just inflating the currency? That seems like an effectively equivalent way of passing (some of) the responsibility f
by ssivark 7y ago
Isn't a solution to defined benefit schemes just inflating the currency? That seems like an effectively equivalent way of passing (some of) the responsibility from the earners to the retirees.
- ThrustVectoring 7y agoCost-of-living adjustments are pretty common, especially among state and municipal pension programs. Inflation does more to erode the purchasing power of nominal assets like bonds.