Quote:
Originally Posted by Craig
I assume the state will bail them out or they will be sued and forced to borrow money to meet their obligations. This is nothing but a case of mismanagement.
BTW, why in the world are these guys in their 50s and 60s retired, and why are they still in this town?
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Some kind of age+years of service rule. I know at my wife's work they have rule of 72. You don't get a full pension until 65 years old though.