"This is just more evidence our President has no clue about private industry. He wants to limit what you can have in your pension to pay for the excessive pensions of government employees that are funded with little or no money from their own pockets."
I agreed with your articles premise right up until the above statement--which is either poor reporting on your par, or a blatantly lie. Your employee contributed less than 10% of his gross pension to his plan. I worked 26 years under a state pension plan for police officers, contributing--in the end--an annual 12.5%. I believe my share in 1966 was 8-10%.