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Pension Cuts Blocked
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<blockquote data-quote="35years" data-source="post: 2180004" data-attributes="member: 60822"><p>So the recovery plan was rejected. </p><p>If they submit a new plan the cuts will just be shifted around.</p><p></p><p>Should the current retirees receive no cuts, and let the people paying in currently receive nothing?</p><p></p><p>The government will likely not allow the plan to go under without some sort of recovery plan being implemented. If the plan that they just rejected had overly optimistic projections (7.5% return on investment per year), a more realistic plan will mean deeper cuts. I would not necessarily be celebrating the recovery plan's failure.</p></blockquote><p></p>
[QUOTE="35years, post: 2180004, member: 60822"] So the recovery plan was rejected. If they submit a new plan the cuts will just be shifted around. Should the current retirees receive no cuts, and let the people paying in currently receive nothing? The government will likely not allow the plan to go under without some sort of recovery plan being implemented. If the plan that they just rejected had overly optimistic projections (7.5% return on investment per year), a more realistic plan will mean deeper cuts. I would not necessarily be celebrating the recovery plan's failure. [/QUOTE]
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