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Froma Harrop: Public workers must join new reality
Posted: Mar 10, 2011
This was a very good article in Tuesday's paper.
Too bad the showdown with public employee unions has come to this.
One can be pro-union and still feel a growing resentment at these workers.
They aren't to blame. They got what they could, though they overplayed their hand by resisting honest efforts to reform government and schools.
Public employees are fighting to keep their old-fashioned defined-benefit plans. Such plans promise to pay a set amount to each qualified retiree. If the investments can't keep up with the promises, the employer must make up the difference — in the case of government workers, the taxpayer.
From The Detroit News: http://detnews.com/article/20110308/OPINION03/103080322/Public-workers-need-to-join-new-reality#ixzz1GDhanZHD
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