Issue Position: Public Employee Pension Reform

Issue Position

As the main cost driver for both state and local budgets, escalating pension costs need to be reformed in a manner that protects the taxpayer from these ever increasing costs. The status quo will simply not suffice.

Public employee retirement needs to be brought into the 21st century by placing future employees in a 401(k) style retirement plan that both the employee and employer contribute. This simple change removes the risk for the taxpayer and establishes a system that enables local and state governments to budget with more predictable and accurate figures.

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