Talk of The Villages Florida - View Single Post - Is your State backed pension secure?
Thread: Is your State backed pension secure?
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Old 02-07-2018, 09:42 AM
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Originally Posted by Allegiance View Post
My understanding NY State voters just voted no to constitutional convention which will bar them from making changes for 20 years.

Are you telling me these new court decisions will give NY State politicians the power to make these changes at will?

If you think this is not political you are wrong.

If states waste money or are burdened with federal mandates to have more social programs, for legals and illegals, they will find that money in our pensions.

It's very political.
What the First Circuit Court said (not me) in their ruling is that basically yes, what the State giveth the State can take away. We will see more of this as many States are in dire fiscal straights.