Pensions are a tricky subject. In cases where a pension job paid less than prevailing wages, that pension is in reality deferred payment for time already worked. So taking away the pension is wage theft. It would be similar to if an organization decided to take back a large portion of your 401K because they retroactively deleted the company matching benefit.
In reality, that deferred pay should have been properly invested / managed from the beginning, but that would mean higher taxes or lower spending on other programs at the time the wages were earned.
In reality, that deferred pay should have been properly invested / managed from the beginning, but that would mean higher taxes or lower spending on other programs at the time the wages were earned.