7:03 am March 29, 2011, by Henry Unger
Which side of the pension divide are you on? Why?
Many younger teachers and other public workers will not enjoy as secure a retirement as their predecessors, AJC reporter Russell Grantham writes. Many can expect pay cuts, furloughs and growing pressure to trim public employees’ pension benefits.
On the other hand, many in the private sector believe state and local employees’ pensions and pay are out of control and need to be cut — even if state and local governments have to file bankruptcy to do it, Grantham writes.
What do you think? Should federal law be changed to allow bankruptcy as an option to shed pension obligations?
- Henry Unger, The Biz Beat
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