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Tagged: Public pensions
Government pensions are funded through property and income taxes directly reducing the tax-payers ability to fund their own retirement plans. Business pensions are funded through profits incurred from a well-run business that can afford paying them. Social security is meant only as a supportive retirement plan but all too often is all that is left over for retires in the private sector.
Eliminate government pensions and encourage self-funded retirement plans like most in the private sector have to do.