Gforcetrivers
12 pointer
Public Pensions are not broken, they are underfunded due to past legislatures not providing the required funding in the budget. As long as the ARC is properly funded in the budget, like it has been the past two budgets, it is a self correcting mechanism over time.
Pensions are for profit producing entities. Governments do not make profits. They need to be converted to self funded plans like 457 plans. Very few companies still provide Defined Benefit Plans there is no reason government employees should have any benefits the general public doesn't have and that includes Congress. IMO