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Debunking Claims that all Public Pensions Plans are Too Generous

Even though this “Governing” article cites a study by the ultra conservative American Enterprise Institute claiming that “full-career” workers in five states (including California) make more in retirement earnings than their final salary, it also points out that many public pension plans are well funded, well managed and deliver modest secure benefits. It concludes with a suggestion that a goal should be to apply some of the best practices of these well-managed public plans to assist private sector workers who generally have little or no retirement savings. Read more: http://www.governing.com/topics/finance/gov-pension-envy-lessons-from-well-managed-plans.html

All of San Diego’s D9 City Council Candidates Want to Bring Back City Pensions

“Critics say San Diego can’t compete with neighboring agencies like the county or city of Chula Vista since the passage of Prop. B, which ended pensions for new city employees. The candidates in the race for City Council’s District 9 believe restoring pensions would solve some of the city’s hiring problems.” Read more: http://www.voiceofsandiego.org/all-narratives/city-council/san-diegos-d9-city-council-candidates-all-of-them-want-to-bring-back-city-pensions/

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