Are there parallels between the Social Security and the public employee pension debates?
It seems like the fiercest opposition to Social Security changes come from people who are 55 and older, people who wouldn’t be affected one way or another by any reform plan on the table. Likewise in this debate, much energy is being expended against the two-tiered system yet why should it matter to the teacher nearing retirement? LOW: Two things. One thread between those two is the thread of trust. The trust and the easy math. You know, at the federal level in the Social Security debate there are conflicting numbers on when we’re going to run out of money. RICHMAN: None of the proposals that have been made apply to current employees. In the measures that I introduced, they only applied to new employees hired on or after July 1, 2007. All I’m trying to do is get fiscal responsibility for the state of California so that we don’t have cities, counties and school districts go bankrupt, so that we can continue to provide services. At the same time, I do think it’s important that individual
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- Are there parallels between the Social Security and the public employee pension debates?
