- states and local governments may not hire any police officers unless they fully fund the pension obligations ahead of time.
If we can force the USPS to do this, I'd say we can force state and local governments to do this as well. Problem is, I think this will lead to local governments privatizing the police force, getting rid of pension obligations completely, which will be an even worse outcome. Private, for profit companies with qualified immunity...
β¦or do the extremely easy thing and scrap all compensation that extends further than the end of employment, just like any other non taxpayer funded employer operates in the US.
A government with the ability to issue new money is not comparable.
Social security can exist or not exist, the relevant question will be what kind of purchasing power will the social security benefit have at some point in the future, and that is completely dependent upon politics.
- states and local governments may not hire any police officers unless they fully fund the pension obligations ahead of time.
If we can force the USPS to do this, I'd say we can force state and local governments to do this as well. Problem is, I think this will lead to local governments privatizing the police force, getting rid of pension obligations completely, which will be an even worse outcome. Private, for profit companies with qualified immunity...