A Mayor's Pension Pushback
SAN JOSE, Calif.-By pushing to overhaul California's public-pension system, Mayor Chuck Reed has made himself an anomaly in this liberal state: a prominent Democrat willing to risk the ire of powerful labor interests.
Join the discussion below, or Read more at Wall Street Journal.
#1 Mar 13, 2014
"Union leaders say the move is unnecessary, as pension-system funding with improve with the economy." If that's what unions believe, they don't they tie their benefits to the portfolio performance? Instead of being a defined benefit, it will be based on the stock market performance. Perhaps keep one section that is stock-market performance based and the other defined benefit plan - similar to a variable annuity.
Add your comments below
|Analysis: Tax cuts, spending to raise deficit t...||1 hr||Kilroy||56|
|Should you be worried about Social Security and...||Sun||TIMBUKTU||83|
|Lawsuit: CU Regent John Carson allegedly discri... (Aug '17)||Sun||Messenger of Love||14|
|Emergency rooms often the only dialysis option ...||Jun 16||ONLYONETERM||4|
|Social Security:||Jun 13||Dan||3|
|The Social Security Funding Crisis Isn't 2034, ...||Jun 13||Indict AIPAC||1|
|Government: Medicare will become insolvent in 2...||Jun 13||yidfellas steal||24|
Find what you want!
Search Personal Finance Forum Now
Copyright © 2018 Topix LLC