You're not willing to concede any of your pension but are asking for everyone else to take a hit. I understand yous position clearly.
As far as getting what you paid in. Typically retirees take more out of a pension fund then they put in. The fact that there are two retirees for every current employee makes it unsustainable.
There are four areas that there can be cuts:
1. Bondholders and other debtors. We all agree they should take a hit.
2. Current employees. They have already taken a major hit and will take another.
3. City services provided to the residents.
4. Retirees.
So who would you advocate take a hit and who shouldn't. The pain can't all be absorbed by [[1) so who of the remaining should get the hit or should all share in it.
I don't think your generation is throw away but I take exception to your generations attitude of 'screw everyone else but don't make me take a hit.' Retirees have made it clear that they care for themselves and everyone else can deal with the pain. Of course in this whole debacle the older generations are showing they don't give a damn about anyone else as long as their pension is untouched.
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