Headline: Wall Street caused pension crisis, not cops and firefighters
Publication: Sacramento Bee
Article Date: Feb 16, 2018
This opinion piece points out that public employees consistently contribute to their retirement, while public agency contributions have flagged during years when the economy was booming, allowing taxpayers to make lower or no contributions. And when a recession strikes, instead of blaming the failings of Wall Street and years of public underfunding, critics blame hard-working public employees’ pensions of “crowding out” the very services those employees provide. Plus, most public retirees will have modest retirements and will contribute significantly to the economy. Read article…