Trust the process
- Aug 24, 2011
Arguably to guarantee the state doesn't default. In a perfect world, the state would have negotiated more sensibly and have funded the pensions annually, but it didn't happen.Absolutely not and why should they? Terrible idea.
This was the answer 20 years ago. I'm not sure it is viable anymore.No cutbacks but pensions need to go the way of the dodo.
I am a big believer that the state should meet its obligations, but I don't think the math works anymore.