Breaking News Bar
posted: 8/10/2012 10:33 AM

Alter pension system to be sustainable

Success - Article sent! close

A recent article in the Daily Herald, "Chief gets $136,000 salary and a $100,000 pension," illustrates the absurdity of the government pension system. A pension based on 75 or 80 percent of the final salary with an automatic 3 percent annual compounded boost is unrealistic and unsustainable.

It is time the pension system for all public employees, from the president on down, be changed to a defined contribution plan such as a 401(k). Also, pension gains through questionable backroom deals like working one month as a teacher to qualify for those benefits must be rescinded immediately.

Order Reprint Print Article
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Do we have any politicians with enough common sense to propose this change and to few to vote it into law? I doubt it will happen. Too many are in office too long and have lost touch with reality.

Dave Forster

Elk Grove Village

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.