The Koch brothers have focused their right-wing ideology on retirement security in Florida, mounting a “well-financed” direct mail, television, and social media campaign against three Republican legislators who voted to protect public pensions.
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Yesterday, the voters of Cincinnati stood against the Tea Party and supported a secure retirement by defeating Issue 4, which would have eliminated traditional pensions.
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MarketWatch explores the true costs of eliminating pension benefits:
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Pensions are a critical leg of the retirement security stool, and we do a great disservice to retirees when we eliminate these systems.
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The Washington Post reported today that most Americans with 401(k)-type savings plans do not have enough saved to outweigh the debt they are taking on leading up to their retirement.
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The American Legislative Exchange Council (ALEC), a corporate-funded conservative think tankbest known for pushing “stand your ground”, voter ID, and anti-union laws, has identified its latest cause célèbre: public pensions.
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