Friday, June 22, 2007

Pensions redux

There are a number of problems with pensions at national labs (see the article from the Tri Valley Herald). From the point of view of voters across the country, these pensions are too high. From the point of view of DOE and NNSA, cutting pension benefits to a few people at some indefinite time in the future is an easy winner politically. It is similar to not building buildings or not providing for experimental equipment.

It is not a good idea but it is palatable if you don't think too hard.

From the point of view of the pensioners at Livermore and LANL, the question is how to resist the nearly inexorable pressure to cut pensions. My only solution so far is for employees to play politics professionally in their own defense.

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