Personally, I see pensions and retirement funds as accounts that should have been run by the government entity as would a savings account or other secure financial insturment; like a bond would be.Of course, government today, just like many corporations, loot retirement accounts turning them into unfunded liabilities.I see government bureaucrats and elected politicians who do this as culpuable as the top management of say, ENRON or the S & L’s of the 70’s and 80’s and subject to criminal prosecution. That would include politicians who have left office but participated while in office.This wouldn’t have happened to retirees if government was acting responsibly and even criminally in looting these people’s retirements.
Personally, I see pensions and retirement funds as accounts that should have been run by the government entity as would a savings account or other secure financial insturment; like a bond would be.Of course, government today, just like many corporations, loot retirement accounts turning them into unfunded liabilities.I see government bureaucrats and elected politicians who do this as culpuable as the top management of say, ENRON or the S & L’s of the 70’s and 80’s and subject to criminal prosecution. That would include politicians who have left office but participated while in office.This wouldn’t have happened to retirees if government was acting responsibly and even criminally in looting these people’s retirements.