8 billion over the past decade due to new benefits that have
18 mars 2014
I think we will be looking at a bottom half finish on that pathetic performance. The best form of defence is ATTACK, which we seem to lack the ability to undertake. For goodness sake play like you want to win. Over the past two decades, politicians have continued to provide rich benefits to the public sector workers covered by the plans. Fortune reports that New Jersey’s pension liabilities have increased by $6.8 billion over the past decade due to new benefits that have been added since 1999. Essentially, while politicians were trying to figure out ways to reduce contributions to pension plans, they were handing out ever increasing benefits to satisfy powerful public sector unions with significant political influence..
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