Friday, March 04, 2011

»Forbes: Taxpayers Don’t Fund Public Pensions (Seriously!)

»Forbes: Taxpayers Don’t Fund Public Pensions (Seriously!) - Big Government
"The Wall Street Journal – on the very same day as Unger’s blog – pointed out that not only do taxpayers pay the teachers’ portion of the pension obligation, but the school district pays an additional 6.8 percent. According to the Journal:

“Teachers belong to the Wisconsin state pension plan.
That plan requires a 6.8% employer contribution and 6.2% from the employee.
However, according to the collective-bargaining agreement in place since 1996, the district pays the employees’ share as well, for a total of 13%.”

Ungar’s argument can’t be taken seriously.

It’s absurd to suggest that taxpayers aren’t funding (and ultimately on the hook for) government employee pensions.
Clearly we are."

This is exactly what is going on in almost every county, city and township in Michigan.
It must be exposed and stopped or our state will collapse!

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