Steve276 Wrote:
Nov 15, 2012 6:58 PM
Furthermore, the public pension systems are breaking governments too, because many public sector unions have won pensions for employees, at least half, many totally paid into by their government employer. That's on top of significant vacation and sick leave time, that are nearly always bought out, if still on the books, when the emplyee retires. The whole system has broken down due to demands that have been put forth by the unions, and regrettably, agreed to by government managers/negotiators, to either placate their staff, avoid strikes, or due to binding arbitration, which still grants gifts to the unions, although genereally only half as much as they want.