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“Their future benefits should be based on the ability of the pension plan to pay due to Defined Contributions, similar to a 401K or IRA. They should be eligible to start taking a reduced pension at age 50. Pension funding should in no way be dependent on future contributions.”

From a Green in Potwin, KS
In reponse to: Should pension plans for federal, state, and local government workers be transitioned into privately managed accounts?

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