Coming Pension Meltdown: The 10 Most Troubled City Systems

Newsmax ^ | Monday, 11 Nov 2013 04:21 PM | Jennifer G. Hickey

[Noob1999]

...............The Cincinnati initiative would have turned the public pension system into a 401(k) style-plan and require the city to pay off its unfunded liabilities in 10 years....................

Actually, that sounds like an excellent plan, to allow soon to be pensioners an ability to maximize their own 401k;

while allowing the near retirees a choice as to how they wish to have their retirement funded.

Sure hope that the US is as smart. But then all of us have to take care of all of those who didn’t take care of themselves.
Hope all the children can see the 45’ screen, while reachin’ fo’ the delivered Dominoes pizza, wit side strips

!
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[who knows what evil?]

Then came the Demonrat influx from New York and it has been going downhill ever since. These carpetbaggers did the same thing to Vermont (a leftist plan that began about 1975), Maine, and Connecticut (illegals finished it off).

You have nailed it...most people blame Red Hampshire's woes on Massachusetts, but in reality the problems come from the source you cite. My wife was born in Red Hampshire...she doesn't even recognize it anymore.

[9YearLurker]

Just my thought.

[TurboZamboni]

In Minnesota we have LGA- “local government aid”.
Basically cities with producers bail out cities with moochers via state collection.