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To: Elmer Phud who wrote (181144)5/16/2005 3:38:35 AM
From: Amy J  Read Replies (1) | Respond to of 186894
 
Saw protestors the other day with a sign, "guaranteed, secure retirement."

Were these nurses, teachers or DOE workers?

Are ALL these people on 401k plans yet?

Nurses, DOE workers, and teachers, all need to have their interests aligned with investors.

DOE workers do not have their interests aligned with investors, because they do not have 401k plans.

In fact, their retirement plans are basically the same as Congress. This is the problem. They get "guaranteed, secure retirement" with your tax money.

So they have absolutely zero incentive to create policy that's good for investors.

Forcing govt workers onto the same plan as the rest of the USA, makes their interests aligned. This is what Arnold is trying in Calif.

Go Arnold!

Regards,
Amy J PS No wonder DOE created a crappy policy plan - their interests aren't aligned with investors.