Quote:
Originally Posted by Fuzz
You would think it would make sense to phase it in over a few years. Those very close to retiring don't really get time to adjust.
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I honestly don't think they have the budget space to do that. Things are likely a lot closer to collapse than they are letting on. These funds and pensions all survive on tax revenue and investment income, which has been abysmal since the pandemic. Meanwhile input costs have been soaring.