Public-Employee Unions Gone Wild
By Patrick Brennan:
Terry List, a teacher in Saginaw Township, Mich., has a depressing lesson for her students: “I would not recommend to my pupils to become a teacher in Michigan.”
What’s discouraging her? A proposed pension-reform bill in Michigan would derail her plans to retire — at age 47.
After these rapacious reforms, List would have to work another 16 years, to age 63, in order to earn her retiree health-care benefits. “I understand we have to tighten our belts,” she laments, “but we don’t have to use a tourniquet and cut off the blood supply entirely.” Under the reforms, such a tourniquet means she could still retire now and have a guaranteed income for the rest of her life, but she’d have to pay for her own health care until age 65 — like, you know, most Americans.
Ninety percent of public employees in the United States enjoy defined-benefit pension plans, meaning they will receive a guaranteed income, and usually health insurance, until death. These benefits are prohibitively expensive, and more so when they are tied to retirement ages that are atypically low. Given rising life expectancies, we could see a raft of public pensioners spending more years collecting retirement benefits than they spent working their government jobs, and in fact this isn’t uncommon already.
[…]
Sorry, the comment form is closed at this time.
-
Recent
-
Links
- WordPress.com
- WordPress.org
- Site Meter
- EZRA LEVANT
- five feet of fury
- SMALL DEAD ANIMALS
- THE VIEW FROM 1776
- JACK'S NEWSWATCH
- ANGRY IN THE GREAT WHITE NORTH
- MELANIE PHILLIPS
- HOT AIR
- MICHELLE MALKIN
- ANN COULTER
- INSTAPUNDIT
- REAL CLEAR POLITICS
- NRO
- FRONTPAGE MAGAZINE
- THE AMERICAN THINKER
- DISSECTING LEFTISM
- DISCOVERY INSTITUTE
- WND
- THE DAILY TELEGRAPH [UK]
- DRUDGE
- LIFESITENEWS
- NATIONAL POST
- EYE on the UN
- THE JERUSALEM POST
- MACLEANS
- CANADA FREE PRESS
- MARK STEYN
- JIHAD WATCH
- THE SHOTGUN
- BOURQUE
- ONE NEWS NOW
- DAVID WARREN
- THRO' A GLASS DARKLY
- COUNTERTERRORISM BLOG
- BREAKPOINT
- VOICE OF THE MARTYRS
- VICTOR DAVIS HANSON
- FOX NEWS
- ACCURACY IN MEDIA
- PROUD TO BE CANADIAN
- GATES OF VIENNA
- EVOLUTION NEWS AND VIEWS
- TOWNHALL
- FREE DOMINION
- Joel C. Rosenberg
- Alberta Pro-Life
- BIG BLUE WAVE
- No Apologies
- Occidental Soapbox
- Freedom Quest International
- Tea and Politics
- Pro-Life Blogs
- VOM Persecution Blog
- IranAware
- ATLAS SHRUGS
-
Archives
- December 2016 (3)
- November 2016 (21)
- October 2016 (17)
- September 2016 (23)
- August 2016 (23)
- July 2016 (160)
- June 2016 (113)
- May 2016 (177)
- April 2016 (163)
- March 2016 (115)
- February 2016 (172)
- January 2016 (681)
-
Categories
-
RSS
Entries RSS
Comments RSS