[realusername]

That's the opposite though, the pension fund gets more money because of the reforms.

Sure the workers are screwed in favour of retired people but the fund is increasing with this change.

[ubercow13]

Isn't this change about the public pension, which is not a fund at all, it's simply a transfer from workers to retirees? Blackrock has nothing to do with that money, except in that if the money becomes insufficient, people might privately invest in Blackrock products to make up the difference.