Promises of Pensions….
May 22, 2008 by Barbara
Actuaries Scrutinizes on Pensions….Mary William Walsh….
Faithful readers know….
BCbythesea…in previous posts ….is concerned big time….over government pensions…
bigger than Medicare…
bigger than Social Security….
Government Pension Programs rival them both….together….
in this must read article….
All across the country …states and local governments are promising benefits to public workers on the basis of numbers that make little sense….
“Financial burdens have been hidden.”…
Actuaries……. those who have been fired… and those who do whatever it takes to make phantom numbers work…
never mind the salaries….this coming budget season ….on every level….take a look at the pensions….
more to come….
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