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Slashing pensions at the ballot is foolhardy
There’s good reason why cities and counties are not allowed to unilaterally cut retirement benefits for their existing public employees. Imagine a police officer putting his or her life on the line for 20 years and planning for an eventual retirement, who is told that the pension they were promised is being taken away. Or what about public school teachers, many of whom do not earn Social Security, seeing their retirements cut at the whim of a local school board?...Read More
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