youbet
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
I think for unions to go along with this the state's obligation to its contribution would definitely have to be mandatory. If there is no guarantee there than down the road they would be looking for more cuts.
Remember, when the union boss and the politician get up in the morning, their feet are on the floor next to the same bed. How do you think we got into the current jam?
That's why I'd like to see the pension reforms involve going to SS and a 401k type situation. The Feds (if we can trust them.......) would be responsible for seeing that the employer's contribution is paid into SS. The 401k money, deposited with private brokerages such as Vanguard, Fidelity, etc., would always be the employee's without vesting or any way for the politicians to dip in for a tasty snack.
The most implicated in this whole mess are the politicians and the labor leaders followed closely by the pension fund managers and boards. Don't trust them. IMHO, that is.
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