June 11, 2006. Point/counterpoint on public pension policy in the New York Daily News.
No. Municipal workers deserve a decent retirement. By James A. Parrott, Fiscal Policy Institute
While Mayor Bloomberg is taking a prudent step in establishing a retiree health trust fund, he has taken a wrong turn in seeking to reduce pension benefits for newly hired city workers.
Many large corporations, from United Airlines to Delphi to IBM, have destroyed or diluted the promises they made to … (read more)