Dread Lörd Kaolian wrote:
The whole pension prefunding thing is a bad joke. All of those state governments, including Washington state, that are reporting "massive budget shortfalls" are only in that position because they pension prefunding rule is requireing them to pre-allocate billions to fully fund pensions for people who couldn't even theoretically retire yet, in most cases for at least 25 years. Do those pensions need to be funded eventually? sure. but not in the rushed immidiate "@#%^ the economy, fund it now" manner they are are doing it.
There's still something weird to me about making people take furlough days so you can fund their retirement.