8/2/11

Pension Advisory Group Going Public

It was probably to be expected in the heat and humidity of summer that we would see certain pension advisory group members begin to publicly take pot shots at one another over the extent of the pension problem and the possible solutions that will have to be wrestled with. Theirs is a most challenging task of course. First, we had the mayoral group publicly state that their cities couldn’t survive fiscally without far-reaching changes to the system, even to include changes to the pensions of present retirees. Then we had the labor group go public in accusing the mayors of scare-mongering. We’ll see if Gina Raimondo can keep them focused in the weeks ahead or if open warfare breaks out. Stay tuned.

2 comments:

  1. I think the unions have too big a part at the table and the taxpayers not enough. It looks stacked against the taxpayers.

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  2. why do people with pensions get to collect them for 25-30 years, add that up it's in the millions per pensioner.. what town can afford that.. they should have to wait till their 62 at least!!!!! how much taxes can we afford on our homes.. some taxes are larger than the mortages.. when $100,000. home has $5,000.00 of taxes who can afford that or who would buy that house!!! really

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