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Farmer & Betts, Inc.
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Hochheiser Deutsch & Co, Inc.
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Longtime Teachers' Pensions Are Well Earned
Los Angeles TimesLink to more items from this source
[Opinion]
Oct. 1, 2015
"Moving away from the argument that public pensions in general are too lavish ... [critics are] saying full-career employees get too much, at the expense of those who leave after only a decade or two.... The chief culprit, [critics say], is the back-loading of all defined-benefit plans: employees typically rack up retirement credits much more rapidly toward the end of their careers. The issue affects millions of Americans who have switched employers one or more times during their careers and therefore will end up holding the short end of the pension stick. That's not a bug in the system, but a feature."

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