It’s my take that government employment agreements should be lived up to. If a person has worked the prescribed years and is retired, their retirement pay should not be pulled out from under them.
Should retirement promises for people still working be adjusted? Yes. On a sliding scale depending on how many years they have in, government employees should be promised less and receive less. Those five years from being retired should see very little change, but those a couple of decades or more away from retirement should have their expectations lowered. Franky, I don’t see why they deserve more than the social security anyone else will get.
New employees should be presented that reality IMO.
If people have planned their futures based on an agreement, that agreement should be lived up to. I don’t believe retirement pay is why our government is going under. It’s the absolutely insane spending to buy support that is killing us.
NASA, the military, these things are not killing us. What is killing us is a non-productive segment of our society that saps the federal government dry, and the people who go along with it to curry favor with them.
Just like Social Security and Medicare, government retirements need to be addressed with the intent to get them under control down the road. I know that sounds like too little too late, but you’d be surprised how quickly this would start to turn around in the scheme of things.
Twenty years from now we could gut the retirement outlays by 25%, and from there on it would speed up. We would have things in hand from 35 to 40 years out.
That’s the same way we should reform SS and Medicare.
People should be encouraged to build up their own funds to cover these basic needs, and if the government were to frame it right, privatization of these matters would be accomplished with very little pain.
This won't work. It's like telling those forced into the bottom of the pyramid ponzi scheme they must keep on paying with no hope of the payoff to support those at the top. You can't tell young people they are on their own when they retire, but you will take their money they could save for retirement to pay those at the top of the pyramid. It won't fly, it's morally wrong, and it's anti-freedom. But the retirees bind together and vote and the young slaves are clueless (they are learning to live with their retired parents and not work on the books, and voting for Obama for free health care) so the country goes bankrupt .