Friday, January 27, 2012

Look ahead and reason back: Louisiana

At least the governor is paying attention to the state's $18.5B pension shortfall:

Among his most substantial proposals, the governor wants to place new hires in a defined-contribution plan similar to the 401(k) plans that exist mostly in the private sector…

The governor also is seeking to require higher retirement contributions from some current state employees.

These are fair proposals. Most taxpayers have seen their retirement benefits diminished, and they should not be saddled with the system's $18.5 billion unfunded obligations…

No comments:

Post a Comment