pension cuts
Smaller retirement checks
Pension cuts are reductions to retirement benefits, whether in the amount paid, eligibility requirements, or cost-of-living adjustments.
Governments and companies implement pension cuts to address budget shortfalls or underfunded retirement systems: The city's pension cuts left retirees struggling to pay for healthcare.
The term often appears in political debates about fiscal responsibility versus obligations to workers.
- retirementLeaving the workforce permanently
- austerityEnforced economic stringency
- belt tighteningReducing expenditures deliberately
- benefitsGains or helpful effects
- slashAngled line or swipe
reduction · elderly · savings · defined benefit · deficit · protest · street protests · workers · union · government · public sector · squeeze · broken promises · shortfall · hardship · budget · retirees · social security
- cutbackscutback, cutbacks, decrease, layoff, reduction
- austerityausterity measures, fiscal austerity, deficit reduction, belt tightening, fiscal discipline
- workforceworkers, employee, employees, labor force, employer
- economic downturnsrecession, deflation, economic collapse, market decline, depression
- fiscal crisesdebt crisis, budget crisis, fiscal crisis, fiscal emergency, budget deficit
- fiscal crisisdebt crisis, fiscal crisis, fiscal emergency, insolvency, budget deficit
pension, pensions, pensioner, pensioners, pensioned, pensioning, cuts, cutting, cutter