Originally Posted by
Waitingformins
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.