Regional Vice President of Sales The Retirement Plan Company
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AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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Public Sector Pensions: One of the Greatest Ponzi Schemes of All Time
The Free Enterprise Nation [Opinion] Sept. 2, 2010 "Public sector pension plans take a series of liberties that create an unrealistic financial scenario that can only be described as one of the greatest Ponzi schemes of all times. These include underestimating the raises that government workers may earn until they retire and overestimating the interest assumptions for funding. This collection of bogus assumptions is hidden away in 'off-the-balance-sheet' accounting practices[.]" |
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