[MSF BU]

If COLA’s can be limited or eliminated the local/state pension crisis can be solved by inflating the currency. More and more it looks as though the municipal and state employee and retired personnel will pay a price. I am not as certain about federal retirees.

[cherry]

many people if not MOST people don't have defined pensions so inflating the currency would kill us....

how about just delaying govt pensions until age 60?....maybe 62?....you could "retire" at any age but just not collect until that age....

[Poundstone]

Federal employees’ pensions are safe. Unlike states, the federal government can, if necessary, simply print more money to satisfy federal retiree pension and COLA obligations.