Monday, November 1st, 2010
Government pensions are one of the most serious issues facing local and
state governments. Most pension plans are underfunded, and the generous
pensions, the relatively short vesting periods, and the low retirement ages that allow for
at least one more career, not only cost taxpayers a great deal of money,
but seem unfair to those without pensions or with far worse pension
situations.
This is not an area where government officials should want to add
apparent conflicts to the mix,...