Sunday, January 30, 2011

Columbus Dispatch: Retirement funds: All state workers will pay for fixes

Public Employees will have to fix their own broken system

If we had a decent news organization around here their would be some coverage on the public employee pension fund boards rearranging the deck chairs on the Titanic.

Instead, we have the News-less-Herald reporting on the Lake Metro Parks, etc.

There is so much to say about this article. However, the most important part is that unions and their pension funds heard the message: NO NEW TAXES TO SUPPORT YOUR ADDICTION TO THE PUBLIC TIT!

The funny part about this article is that one union official said, "Our membership certainly knows that tax payers are hurting these past few years, but studies have shown the funding level from the employer side (read taxpayers) since about the mid 1990's has been shown to be inadequate...."

Simply disgusting.

Enough is enough. No more mayors and city councils raising taxes to fund their friends' retirement in turn for help getting re-elected.

The dirty secret is the council members working that lowly part time job also vest time in public pension funds for their "service." Also, they buy time towards retirement.

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