Tuesday, May 10, 2011

The $39 Billion Bill for 'One of the Best Public Pensions Around'

The $39 Billion Bill for 'One of the Best Public Pensions Around' [Michigan Capitol Confidential]
"The first sentence of the official handbook produced by the state of Michigan for teachers and other public school employees says the following about their pension plan: “As a member of Michigan’s Public School Employees Retirement System, you are eligible for one of the best public pensions around.”"

As a (forced) member of Michigan's Public School Employees Retirement System taxpayers, you are required to contribute to one of the most expensive public pensions around".
Pretty simple.
They take.
We pay.
They take more.....

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