Agreed. They should be funding their own pensions. I could see kicking in something from the state or muni’s or schools like 10% of the salary per year as a cap and that’s only after being vested. Even that’s being generous in the real world.
I don’t really have a problem with where the funding comes from, just the timing. In other words, it’s okay for state and municipalities to fund retirements, but they have to do it immediately, not make it an unfunded burden in the future.
And maybe there should be a law ob timing as well that increases in retirement funding can’t go into effect until one year after then next election. Have to be public noticed. And are repealable by the incoming legislature.
I don’t really have a problem with where the funding comes from, just the timing. In other words, it’s okay for state and municipalities to fund retirements, but they have to do it immediately, not make it an unfunded burden in the future.
And maybe there should be a law ob timing as well that increases in retirement funding can’t go into effect until one year after then next election. Have to be public noticed. And are repealable by the incoming legislature.