[home_boi]

What's the chances of retroactively lowering pensions?

1. Progressively lower pensions. Skim off the top earners.

2. Create projects for the community and declare that the saved money will be used for those projects for better optics.

This won't lower trust in government pensions by that much because this is just correcting what is seen as "unfairly high" pensions.

[mythrwy]

Here's the other option. Pay the promised pensions and inflate them away. Since this is a growing national problem, I'm guessing that solution has at least been considered.

[jacquesc]

Not politically feasible. Older citizens tend to both have a lot of savings, and vote. They would not allow this to happen.

[WardenUnleashed]

Inflation isn't something you can vote on, no?

[vkou]

The same chances as retroactively renegotiating on other deferred obligations. We call it 'defaulting on a loan.'

Wouldn't it be a great idea if the government just stopped making payments on its loans that, in hindsight, were a bad idea?