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Sunday, June 12, 2011

Jersey Jazzman: "Obscenely Generous"

"Obscenely Generous"

That's how the Star-Ledger describes modest pensions and insurance that lets you take your kid to the doctor without running up your credit cards:
Here’s where we stand: The governor and Sweeney have already agreed to a tough reform that would save huge sums of money by trimming benefits and requiring public employees to contribute more.
The new terms would apply not just to state workers, but to the much larger army of teachers, cops and firefighters whose obscenely generous benefits are a key driver of property taxes. [emphasis mine]
Let's leave aside the fact that public workers already have mandatory contributions to their pensions. Let's leav