March 6, 2013 at 7:00 AM
Contribution plans to replace public-employee pensions
Plan would aid economy, threaten power structure
Your proposal to shift public-employee pensions out of defined benefit plans and into private 401(k)-like plans makes too much economic sense to ever be adopted [“Replace public pensions with contribution plan,” Opinion, Feb. 28].
As things now stand, the private economy through tax revenue must ultimately support government pensions anyhow. If government employees at all levels were to finally realize that their pensions (and their jobs) depend directly on the health of the economy, they might begin to question whether current government policies foster economic growth or hamper it. This could lead to a policy shift and to a vibrant, prospering economy.
However, by diminishing the illusion of government as our primary benefactor, such a plan threatens the existing power structure and therefore could never be taken seriously.
–Jesse B. Jolibois, Lakewood
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