tgwWhale Wrote:
Dec 03, 2012 9:25 PM
ALL defined-benefit pension plans are unsustainable, from Social Security on down. The temptation to promise the moon to current people and expect future people to pay for the moon is just too strong. The MEA simply has a more-poorly run (and probably more-corruptly run) pension plan than some others, so it went bust more quickly. But they all will go bust. It couldn't happen to a nicer bunch of people... ;-)