Ziggurat
Penultimate Amazing
- Joined
- Jun 19, 2003
- Messages
- 61,720
Pensions are deferred salary. So the retired workers already took their pay cut when they negotiated lower pay for better retirement. They were offered that deal and they honored it, and they ALREADY gave up money. These retired Americans did their work at the lower pay and expected that retirement would be taken care of. Now you want to renege on the deal.
In ordinary salary negotiations, the person paying the salary is on one side of the negotiating table. If they can't afford to pay the demanded salary, then they won't accept the deal. But with these public employee pensions, the people paying the pensions weren't at the negotiating table, not even through elected representatives. Yes, it's not fair to reduce pensions that have already been negotiated. But it's not fair that people who can't afford it and never had a say in it have such payment obligations either. Unions demanded and politicians found politically expedient to accept contracts which never should have been signed. But appealing to fairness alone doesn't suffice to resolve the conflict, because unfairness is now unavoidable.