Generational Battle Brews Over Gilded Baby-Boom Pensions
"Generation X and Gen Y are getting fed up and might not take much more.
That's what I'm hearing from a number of younger public employees who responded to my column last month on the incumbent employee conundrum.
The gist of their feedback was this:
They don't appreciate bearing the brunt of pay cuts and benefits reductions — the ones imposed by employers who try to balance the books on their pension and retiree medical plans by slashing compensation for younger employees and new hires.
They'd like to see their elders share in the pain — or at least pay their share."
This will one of the biggest battles in America in the next few years.
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