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including a fixed-benefit pension Wow. One of the factors contributing to the problems that many, many cities across the country have. Pensions should always
by e40 13y ago
including a fixed-benefit pension
Wow. One of the factors contributing to the problems that many, many cities across the country have. Pensions should always be tied to rates of return of what the employee and employer put into the plan, otherwise future workers or tax payers will end up footing the bill when the market goes lower than the pension requires to break even.
- hudibras 13y agoThere are so many falsehoods and half-truths packed into this comment that I don't even know where to start.
- thatswrong0 13y agoSo your choice is to address none of them? Cool. Fact: California and Illinois have huge debt problems. They both have really high taxes yet still can't fix them. These problems are both, funnily enough, related directly to underfunded government pension liabilities, related directly to public services with strong unions involved. In essence, precisely what you are saying is false is exactly what has happened in these states.
- e40 13y agothatswrong0 summed it up pretty well. Of course, if you want to tell me what's wrong with both of our statements, I'd love to hear it.