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“Different situations need to be handled differently. The idea that all pension plans have overextended all government agencies is ludicrous. Some pension plans may risk the solvency of a city or agency, but in other cases pensions are simply a political target. When possible, pension agreements should be honored.”
From a Democrat in Brisbane, CA
In reponse to: Should pension plans for federal, state, and local government workers be transitioned into privately managed accounts?