They say the proposed cuts are not comprehensive enough because they do not address pensions for teachers, university employees or judges.
If local governments are serious about reducing the costs of employee compensation as a way to balance their budgets, they should address pensions and health care costs in the proper venue -- at the bargaining table with employees, not on a political soapbox.
If the lawmakers don't act to address pension governance, the citizens should.
When the state government failed to address pension underfunding in its budget for 2014, two credit-rating agencies, Fitch and Moody's, cut the state's bond rating, which in Moody's case put Illinois on a par with Botswana.
Instead, the stockmarket was galvanised by a takeover spree by foreign bidders for some big British firms.A sanguine interpretation of this week's events is that prescient markets had already taken on board the scale of action needed to address pension-fund deficits.
Addressing pension waivers takes additional action as well.
Whether and how we address pension reform is of crucial importance in this election.
An EU official said the Greek document did not address pension or labor market reforms sought by the creditors.
If these inhibiting factors are not addressed and pension ages are raised 'in a vacuum', such vulnerable groups are likely to fare worse, and 'the active ageing option will not be open to all on an equal basis' (Walker 2002: 131), even if those involved want to continue working.
Mr. Emanuel has made it clear that he wants to address teachers' pensions, too.
