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gains through questionable backroom deals like working one month as a teacher to qualify for those benefits must be rescinded immediately.
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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.
Elk Grove Village