More Bad News for Govt Pensioners
Many Baby Boomers sought government careers for increased job security, higher pay, earlier retirement and more generous health and pension benefits than were typically available in the private sector.
Before it’s over, such benefits may prove more illusion than reality.
Detroit’s nascent bankruptcy is already providing a template for other financially strapped cities looking to reduce retired employee costs.
This template suggests those already retired may experience severely reduced benefits. Read more…
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