[No phonys allowed]

"Nebraska dumped its requirement in 2003 when studies showed employees were investing too conservatively and received returns 5 percent lower than those earned by professional fund managers."


It's their own fault if they don't save enough money. Why should the taxpayers have to pay for not only our own retirement but we have to pay more for the public employee's retirement because they can't discipline themselves to save enough?

That's insane...what about personal responsibility? Go Arny!!!

[calcowgirl]

According to the LAO analysis that I posted here, it won't save money for several decades, offset by unknown increased expenses. And, a defined contribution system will cost more to administer. Net impact: Unknown.

The problem is benefit levels of select employee groups. He should go after those.