10-12-2015, 10:57 PM
Don't know how it is all over, but for Kentucky...
For the last few decades people had one of two options: go to work for the public and make less now, but more later in the form of a decent pension and have more security... or, go to work in the public sector, make more now, but risk not getting as good of a retirement or having any job security.
The problem when the right gets all up in arms about public pensions is they often don't factor in how much catching up on the pay scale states would have to do. Take water district superintendents. In Kentucky, they're required to have different classifications to run a water or waste water department. Outside of a handful of very large metropolitan districts, the people with those qualifications can make three or four times that working for chemical plants, coal companies and other industries. And often times have a labor industry that makes sure they're going to maintain their wage.
Pension reforms are needed in some instances and in some states. But the bigger issue is economic reform. A healthy economy should have consumers spending money which generates taxes, businesses showing profits because of sales which generates taxes and reinvestment of taxes in the form of infrastructure, which creates jobs and betters the economy.
For the last few decades people had one of two options: go to work for the public and make less now, but more later in the form of a decent pension and have more security... or, go to work in the public sector, make more now, but risk not getting as good of a retirement or having any job security.
The problem when the right gets all up in arms about public pensions is they often don't factor in how much catching up on the pay scale states would have to do. Take water district superintendents. In Kentucky, they're required to have different classifications to run a water or waste water department. Outside of a handful of very large metropolitan districts, the people with those qualifications can make three or four times that working for chemical plants, coal companies and other industries. And often times have a labor industry that makes sure they're going to maintain their wage.
Pension reforms are needed in some instances and in some states. But the bigger issue is economic reform. A healthy economy should have consumers spending money which generates taxes, businesses showing profits because of sales which generates taxes and reinvestment of taxes in the form of infrastructure, which creates jobs and betters the economy.
![[Image: 4CV0TeR.png]](https://i.imgur.com/4CV0TeR.png)
