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Thursday, March 24, 2011

Jersey Jazzman: More 50 Insane States

Jersey Jazzman: More 50 Insane States

More 50 Insane States

You could almost cut-paste this and run it in the Star-Ledger - from Alabama:
t's almost certain that the Legislature will require teachers and other public employees to pay more into their pension funds when the next budget year begins Oct. 1. It is a change that has been in the making for a long time.
Even before the recession began draining tax revenues from the education and General Fund budgets, the state's pension funds were on an unsustainable course. Employee contributions and investment income haven't been keeping pace with benefits paid to more and more retirees. As a result, lawmakers have had to take money that would have otherwise gone to the classroom and put it into pension funds run by the Retirement Systems of Alabama.
It has been clear for some time that the Legislature some day would have to