I believe we should continue to fund pensions for our current state employess, however we cannot continue to fund the current system for new employees.
Pension reform must happen now. We can no longer wait to reform pension spending nor should we punish those who have been promised the existing programs. New employees should be offered 401k programs through their employers and, through attrition, the pension program will start to repair itself.401k's provide the opportunity for employees to particpate in planning for their own retirements and not have to rely on the state's budget or financial solvency. If we don't change the state employee retirement system soon, our taxes will begin going through the roof before we know it.
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