Are pensions the equivalent of buggy whips and 8-track cassettes; have they become obsolete? No but we strayed from fundamentals and now we need to return. Plans that stuck to fundamentals are on solid footing today. They provide the example …
California Public Employee Relations Board: City Pension Reform Initiative Amounts To Unfair Labor Practice
Minnesota’s systems are well-managed and are reasonably funded under the circumstances.
Many governments are looking to balance budgets or contain costs, and most at least glancing look at their pensions.
Alaska’s public employees could be getting nearer to having the option for a traditional pension plan, instead of the 401(k)-style plan new employees were controversially forced into starting in 2006.
So why does Gov. Cuomo’s plan vilify middle class retirement security?