
Pension Reformers are not “The Enemy” of Public Safety
“You will find that powerful financial and investment institutions are the ones promoting the attacks on your pensions. Firms like Berkshire-Hathaway and the Koch brothers are backing political candidates and causes all over the country in the hopes of making this issue relevant and in the mainstream media. Why? Because if they can crack your pension and turn it into a 401(k), they will make billions. Your pension is the golden egg that they are dying to get their hands upon.By the way, it was those same financial geniuses that brought about the Great Recession in the first place. After nearly collapsing the entire financial system of western civilization, they successfully managed to deflect the blame off of themselves and onto government employee pay/benefits.” – Jim Foster, Vice President, Long Beach Police Officers Association, posted onPubSec Alliancewebsite
These comments form the conclusion to a piece published by Foster entitled “What does “unfunded liability” mean?,”… Read More