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…


Related Articles:
Flu Spreads to Government Pensioners
Is Europe Ready to Explode?
Will You Work Until You Drop?



We’d love to hear your questions or comments below. Thank you.