Entries for 2005/01/17 — 2005-08-30
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Governor to cut public pensions
One of the ways the Governor will cut state expenditures is by changing the public pension program from defined benefit to defined contribution. This simply means that retiring public employees will receive lower pension benefits, making state jobs less attractive. This isn't always clear from the news reports. Read an article on the subject here >>> (archived) > posted by Charles Wear > 1/17/05; 1:02:54 AM |