[quote=briansd1][quote=pri_dk][quote=UCGal]This book is full of data… that may not fit your anti-pension mind sets.[/quote]
The debate really is not about pensions (defined benefit retirement plans) vs. other “retirement” plans.
The debate is about public expenditures and public spending priorities, specifically compensation of public employees.[/quote]
pri_dk is right. The debate is about how public money is being spent. A larger and larger portion of tax dollars is being spent on public employee compensation. That’s simply unsustainable.
Tax money should to go to services.
Localities are seeing 30%, 40%, 60% and more of their general funds go to pensions.
Yes, UCGal is corret. Private companies have been cutting and eliminating pensions. But that’s a separate issue.[/quote]
Um, Brian…what do you think “services” are? Do you not realize that in a service industry (as almost all govt entities are), the vast majority of your expenditures are spent on compensation?
