"Hank Kim, executive director of the National Conference on Public Employees Retirement Systems, was left scratching his head. 'Public pension plans are already self-annuitized,' he said. 'To say the private sector would do it more efficiently, I just don't understand that rationale.' ... 'No pension plan has ever gone bankrupt, but there are a slew of private insurance companies that have gone bankrupt,' he said."  MORE >>