Friday, December 04, 2009

Employer-Paid=Taxpayer paid

Employer-Paid Humbug!
"Meanwhile, at least a third of California's municipal employers and a large number of other public employers across the country continue to pay their employees' share of pension costs, and require no contributions whatsoever for retiree medical benefits.

Their pension funding behaviors are the exact opposite of private-sector employers, who have cut back on employer 401(k) contributions during this recession.

.... the ideal ratio of employer-employee cost shares for retirement benefits is a number close to 50-50.

..........generally speaking, there is no justification for any public employee paying less than one-third of his true costs of retirement plan benefits."

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