The Drive to Dismantle Pensions in the United States

‘States and municipalities throughout the United States are engaged in a frontal assault on the pension benefits of current and retired public employees. These attacks are proceeding with complete disregard for the law, riding roughshod over state constitutional protections safeguarding pension benefits that employees have earned over decades of toil.

Earlier this month, Judge Christopher Klein signed a confirmation order allowing the city of Stockton, California to go ahead with its plan to slash workers’ retirement benefits as part of a deal to exit bankruptcy. The agreement will eliminate health care benefits for municipal retirees while cutting pension benefits for new-hires and increasing employee pension payments.’

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