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Do you have a problem with the amount of money they're paying, or the fact that they're paying a pension at all? What your suggesting seems like a horrible ide
by LockeWatts 14y ago
Do you have a problem with the amount of money they're paying, or the fact that they're paying a pension at all?
What your suggesting seems like a horrible idea. The point of a pension is that it's a guaranteed obligation. Being able to absolve yourself of it with a bankruptcy is a wonderful way to screw over the workers who paid into it their entire lives.
- bubbleRefuge 14y agoScrewing over workers happens all the time in business. So lets screw over tax payers instead so they wind up having to spend tons of money to finance benefits that they are not receiving. I think what most people have a problem with is that pension benefits are written by politicians who've are strongly supported by union's and looking out for their interest while no-one is watching out for the interest of the tax payer. As a result, pensions are gamed to max out the benefits by working overtime etc. There should be caps on the size of pensions. Bankruptcy could be used as a tool to re-negotiate some of these abusive pension benefits.