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Strategies & Market Trends : John Pitera's Market Laboratory
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To: ggersh who wrote (13500)1/18/2013 10:32:17 PM
From: Elroy5 Recommendations  Read Replies (2) of 33421
 
My point is that pensions shouldn't have a guaranteed return on
contribution.

Absolutely they should not. Regular workers don't get guaranteed returns on their retirement savings, why should government workers receive them? The idea that our current state and local taxes go to pay for retirees rather than schools and workers is appalling.

If a pension fund can't meet it's obligations, the obligations should be reduced.
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