Pensions and early retirement health care are one of the biggest separators of the public sector from the private sector. The defined benefit pensions of many states are just raining deferred compensation. The most frustrating point is that the rat legislators and public employee unions keep crying poor man.
Here is a a summary of a study that I finished in the summer. The amount of deferred compensation for Colorado public employees is stunning.
http://www.i2i.org/articles/IB-2007-D.pdf
What’s left of Equal Treatment Under The Law goes out the window.
I cannot understand why democrats would even consider impeachment against Bush.
He is instituting leftist policies a democrat president couldn’t get past republicans in congress without a bloody fight.
We need legislation in all states that either puts all public employee pensions on a defined contribution basis or barring that:
to rights to a full pension at an age no higher than the median age at which non-governmental employees retired in the previous year;
for a pension amount not higher than the median pension (adjusted for income) that non-governmental employees retired in the previous year;
and with future pension increases scheduled to be given at a rate not higher than the median of such increases (if any) scheduled to be given to non-governmental employees retired in the previous year.
To my mind, we need a revolution that returns all existing (now being paid) governmental pensions to those standards.