A modern touch for the pension system
By Kerry Healey | June 13, 2006
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The state pension system has $13 billion in unfunded liability that acts like an anchor on the budget and mortgages the state's future. Next year , taxpayers are set to pay more than $1 billion just to chip away at the pension debt. Those annual payments will rise to $2.3 billion by 2023.
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This is all about Taxachusetts. But, why do gubamint employees have pensions? Federal, government, local, skoolz, yada yada yada. In today's economy, employers don't give pensions. So why does the gubamint drones get them?
Reinke Faces Life 