>>>the obligation has increased while the amount put in did not and interest rates dropped
>
>You don't need a PhD in math to figure that one - it's a disaster.
>Christie has started a campaign against "outrageously high pensions" and cutting pensions is on the table here.
>Meanwhile, he cruises around in a private jet.
>On a federal level, the last finance bill quietly emasculated provisions guaranteeing employee pensions, with cooperation from the dems and Obama.
>
>It's a national disgrace and yet another example of wealthy people (politicians supported by oligarchs) making decisions about the lives of people who are not wealthy.

Yep. There's room for reasonable people to disagree as to whether defined benefit pensions are a good idea going forward, but failing to fund pensions for people to whom they were promised and who fulfilled their obligations is obscene.

Tamar