Jonathan, I am 20 years older than you, and I read your column with interest. I agree with much of it. My generation did benefit from rising real estate, at least, the ones of us who bought real estate. We did benefit from low-cost public colleges, at least, those of us who went to class….More
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Judging by the readership stats lots of people took notice of The Seattle Times Sunday story about medical benefits for retired public employees.
The heart of the matter is laid out in the fourth graph of the story:
“While local governments around the country have dealt with debilitating budget problems in recent years, a Washington state retirement system created decades ago for now-veteran public servants has added particularly daunting burdens for some jurisdictions.”
[do action=”custom_iframe” url=”http://www.tvw.org/scripts/iframe_video.php?eventID=2013021255&start=12924&stop=14595″ width=”630″ height=”500″ scrolling=””/] While proposals are floated in the Washington State Senate to create defined-contribution retirement plans for public employees–proposals endorsed by The Times— lobbying was also going on in the House of Representatives to move certain groups of public employees into traditional pension plans with higher benefits. You can listen…More