And you should know they want us through the feds to bail them out…
There's not many pension systems around anymore for the reasons discussed in this thread. In Illinois they've gone to a Tier 2 system over a decade ago that due to the formula, extends retirement age a solid decade. Yes most have gone to 401s like the private sector yet I'm not sure that overall system has longevity as we're nearing the end of the current fiat currency.Get rid of .gov pensions and put everybody on 401k's, let the govt workers see what happens to their money every time they elect democrats!
While I'll agree in principle, those of us that have worked at one job, including you, would I hope want the pension system to remain solvent.of course
Tell them to FO