This is from Dec 2019, but I totally missed it. https://apnews.com/6e8881cfd9882fdfe90e50999c4bb342
My notes: Look for more state-run pensions to begin having problems soon. After the Great Recession of 2007-2008 several pensions had major problems, and benefits dropped 30-50%. This included General Motors, Delphi Automotive, and State of Michigan. Never depend on someone else to take care if you, it is unsustainable and only lasts as long as gov't can raise taxes.
Meanwhile, the retirement age when an American gets full Social Security (retirement) benefits is 67.5. And most people under age 60 today will never ever get out of SS they money they put into it. It's a losing proposition.French union activists cut electricity to nearly 100,000 homes or offices. Eiffel Tower staff walked off the job. Even Paris opera workers joined in Tuesday’s nationwide protests across France, singing an aria of anger as workers rallied against the government’s plan to raise the retirement age to 64.
My notes: Look for more state-run pensions to begin having problems soon. After the Great Recession of 2007-2008 several pensions had major problems, and benefits dropped 30-50%. This included General Motors, Delphi Automotive, and State of Michigan. Never depend on someone else to take care if you, it is unsustainable and only lasts as long as gov't can raise taxes.