Monday, May 19, 2008
Public Pay Follow-Up
A larger “cohort” cannot retire at the expense of a smaller one with a pay-as-you-go system. The math just doesn’t add up… and unfortunately, it will be our cohort that gets stuck with the bill. Then, the number of malcontents who say people in service to the public don’t deserve their pay or benefits is going to swell. We suspect we’re almost there now.