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Five Things to Consider Before Cutting Public Employee Pension Benefits
Mark Miller in Reuters 
[Opinion] June 20, 2012 "The message from voters about public pension plans is clear: They're ready to cut the retirement benefits of police, firefighters, teachers and other state and municipal workers.... But -- before we continue swinging the axe -- here are five things to keep in mind about public sector pensions ... Pensions aren't simply a gift from taxpayers ... Many workers don't get Social Security ... Pension underfunding isn't as bad as you think ... Pensions are more efficient than 401(k)s ... The retirement crisis is real." MORE >> |
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