I get kind of queasy this election season when politicians suggest that government pensions should be replaced by 401(k) plans for government workers. I guess because 401(k) plans have worked so well for the private sector. As if.
While I understand the cost involved with providing pensions and how they will become a black hole for government like Social Security, I thought the beauty of government work is the great benefits. If you take away the benefits, will that stop government from being able to recruit skilled employees? Just wondering.
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