You wanna bet? Those pension obligations are acts of the state legislature. They most certainly can and will be cut.
HEH HEH yeah, i wanna bet....pssst winky, in the states there are powers called Courts of Law. Hell in my state the legislature won’t even take the case of currently retired workers to court....because they know whats comin....it’s a concept in American Jurisprudence known as....are ya ready?...Contract Law...I bet eventually there’s enough pressure for them to try.....but we shall see what we shall see.
If the legislature votes to cut salaries and benefits of public sector workers, they’re screwed. It is foolish to think otherwise, IMO.