Report Inappropriate Comments

The city (and all public sector entities) needs to begin to transition to a defined contribution plan for new employees, and probably for those under age 30, as well. Taxpayers should not be on the hook for former employees throughout their life expectancy, especially since many will be retired for far longer than they were ever employed.

And if I understand the retiree's position, it is: "...pay up." Nice. You're making plenty of allies. Guess what, genius. When the city goes to court and says: "We can either cut pensions in half, or go bankrupt and pay nothing" no one will be lining up to root for retirees.

From: Pension COLAs in mayor’s sights

Please explain the inappropriate content below.