Opinionated @ CFE

The Unsustainability of Pensions


There aren’t a lot of cases where I find myself in agreement with Ezra Klein on economic issues, but on pensions, I think he may have nailed it. For those unfamiliar, pensions are little more than a way to say “I’ll gladly pay you tomorrow for a hamburger today”. Employees often take a smaller paycheck now so that they can collect income after they retire or leave their position. Unfortunately, the arrangement allows for a lot of lying and number fudging along the way.


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