Thread: Eagle TA- What did you vote?
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Old 03-21-2014 | 07:27 AM
  #189  
Waitingformins
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Originally Posted by newarkblows
Not to derail you but that teachers pensions sounds great but it probably wont be there when you go to collect. Everything changed with Detroit entering bankruptcy. Rhode Island or California will be next and no pension will be safe.

You are probably right as they have set a trend, and pensions are a thing of the past, but technically the unfunded pension is only 3 billion and the total city debt is 17 billion, so the bond holders of that debt have the biggest fears right now. Same thing with AA they can now afford every pension 5 years or older they washed out in BK. The right model is so much more than the pay package. There is just no reasonable way to say now all new hires don’t get pensions; it usually is an all or nothing deal.
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