[GeronL]

I read a story out of Kalipornia where there was a dead guy paid $7.7 million in pension after working as a Capitol aide in Sacramento for 22 years. Those guys paid in NOTHING.

[muawiyah]

State and Local ~ that's where the problem pensions are as well as the vast overwhelming majority of government employees.

I think Congress should take action to close ERISA to any state or local retirement program. That way we can protect ERISA from about the largest collection of fraudulent retirement schemes known to mankind.