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Civil servants got government pensions.
4. Government pensions for farmers who have small farms and are older than 65.
They want to spend their budget on projects that are sexier than government pensions.
That is ultimately why they are pushing to drop traditional government pensions.
Without welfare and government pensions the Chinese must save to self-insure themselves.
Here are some of the myths I'd like to bust: Local government pensions have changed.
Across New York State, years of generous and sometimes overly generous benefits have made government pensions unaffordable.
What was conveniently forgotten is that state government pensions are already underfinanced by more than $4.4 trillion.
Many European countries had experienced significant increases in union membership and had established government pensions before the 1930s.
It also called for raising the retirement age for social security; cutting government pensions, subsidies for farmers and student loans.
With many pension systems underfunded, Europeans are beginning to look to private investments to supplement government pensions.
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