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by nradov
56 days ago
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I agree with you to an extent, but many states and school districts also engaged in fiscal malpractice by using defined-benefit employee pension plans to shift costs into the future. Those plans are financial weapons of mass destruction: far too risky for employers, retirees, and taxpayers. We need to eliminate them and shift all public school employees to 403(b) defined-contribution plans. This is especially critical as school enrollment declines. |
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