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Dont_mute_me_bro t1_j13fldk wrote

Reply to comment by Karrick in New York City Has 25 Days to Settle Retirees’ Switch to Privatized Insurance by irish_fellow_nyc

ERISA laws would prevent that. Nothing wrong with protesting and organizing over a real loss in deferred compensation (retiree benefits) but conflating it isn't helpful.

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Karrick t1_j13imzw wrote

1, There are explicit exemptions for government retirement plans in ERISA. I'm not an expert, but surface level research says that state/local government plans have more leeway in accounting and reporting practices and are not insured by the pension benefit guaranty corporation.

2, central to the point of this is that the union leadership is telling members to encourage their representatives to change the law to allow for reduced benefits. Even if there are ERISA protections from members now the union leadership is attempting to remove them in the future.

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