Horrendous decision…. I pay taxes to the State I live in with the full expectation that covers police, fire, and other public resources.
Here’s an idea: each town or city should not be allowed to promise to their civil servants / public workers life-time employment or pensions with unreasonable interest rate assumptions. In other words, no municipality can use an interest rate greater than 2% when calculating the future value of pensions.
Just another way to tax what is already being taxed. That’s the problem with government, it only gets larger, never smaller. How about stop spending. How about cancel all pensions and change to a defined contribution instead?
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Horrendous decision…. I pay taxes to the State I live in with the full expectation that covers police, fire, and other public resources.
Here’s an idea: each town or city should not be allowed to promise to their civil servants / public workers life-time employment or pensions with unreasonable interest rate assumptions. In other words, no municipality can use an interest rate greater than 2% when calculating the future value of pensions.
Just another way to tax what is already being taxed. That’s the problem with government, it only gets larger, never smaller. How about stop spending. How about cancel all pensions and change to a defined contribution instead?