Fifteen months later, the twins are still pretending to be two separate parties, with two separate education agendas, with two separate sets of ideologies, and two separate political platforms. Twin toadies to corporate entities have a tendency to lie like this.
State pension plans differ widely, especially teacher pension plans. The attack on state pension plans is the same because the big money behind the power politics wants it to be.
Illinois Democrats and Florida Tea Party Republicans are twins – not identical twins, but twins nonetheless. Neither is trustworthy or completely honest. Pension reform?
Florida: “Legislative presiding officers told journalists Wednesday a fundamental shift in the Florida Retirement System — making new public employees join 401(k)-style investment plans rather than the traditional ‘defined benefit’ pension system — is the only way to avoid obligating future lawmakers to impose massive tax increases on state residents.”
“If you wait until you’re a 45 or 50 percent pension fund, like Illinois or California, you can’t afford to transition into a defined contribution because you’ve got to continue that scheme going to fund the broken model.”
Read the full article HERE.
View original post 185 more words