On Sat, 7 Apr 2018 08:50:04 -0700 (PDT), wolfbat359
Post by wolfbat359
The Post Office defined benefit pension plan was woefully underfunded.
Unless it was forced to fully fund its pension system, it would either
betray its retirees, forcing congress to bail them out, or the Post
Office would just have to fully fund the system. Which should it be?
a punch in the stomach.Thats how public retirees in Loyalton,
California, are taking news that their town defaulted on its pension
payments, resulting in the possibility of their retirement benefits
being cut by as much as 60 percent, the majority of their hard-earned
Public workers from two more towns expected to lose CalPERS pensions
"The $6 trillion public pension hole that were all going to have to