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Preserving existing pensions has to be part of reform: Tony May
Switch Pennsylvania teachers and public employees from traditional “defined benefit” pension plans to 401(k)-style “defined contribution” plans, say conservatives, “because no one in the private sector has old fashioned pensions anymore.” This, they add, will solve Pennsylvania’s pension problems once a for all - at least for government, because they will have unloaded their potential liability for pension solvency. Read more…
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