All the states and municipalities are all running around wringing their hands and having palpitations over retirement benefits and entitlements that should have never been in the first place. It’s simple there isn’t money to pay for them “terminate them unilaterally” assess revenues coming in and cut your retirement payouts by 1/3 then renegotiate the contracts based on reality not some pie in the sky ridiculous union coerced benefit. No fuss no muss. You get real with them and they get real with you and negotiate realistic attainable plans. You don’t ask you tell them this is it period no gyrations no dog and pony shows and all future retirement programs require a fair pay into the retirement funds no more of this something for nothing BS. We get “Real” and we do it now. No beating around the bush pandering or politically correct nonsense. The handwriting is on the wall. 3 cities in California had to declare bankruptcy because their leaders didn’t have enough spine to standup and say enough is enough this is it this is the deal. They wanted to dance around while playing footsie with the issue. No fuss no muss if you want to survive this is the way it is and this is the new deal period. They cut spending and renegotiate the retirement plans period.
It’s Simple !!!