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Public Sector Workers under Fire: Schwarzenegger Targets a Last Bastion of Security
The Washington Post; subscription may be required Link to more items from this source
June 13, 2005
Excerpt: Policemen, firefighters, teachers, hospital nurses -- they still belong to the one part of the U.S. economy where the New Deal hasn't been repealed. Fully 90 percent of them have defined-benefit pensions as of old. In the private sector, just 60 percent of employees have retirement plans, and a scant 24 percent still cling to defined-benefit plans. Fully 86 percent of public employees are covered by on-the-job health insurance; in the private sector, the rate has fallen to 66 percent.

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