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The Water Cooler
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Wisconsin protest, a sign of things to come?
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<blockquote data-quote="Hobbes" data-source="post: 1464245" data-attributes="member: 3371"><p>On a somewhat related note:</p><p></p><p>There is a big push underway at the Oklahoma capitol to 'reform' the pension plans in Oklahoma.</p><p></p><p>"Reform" = eliminating pensions for all new employee hires and placing new employees in a 401K plan.</p><p>OPERS, TRS, Firefighters, OHP, and some other smaller systems.</p><p></p><p>The money saved by the state would go towards tax cuts.</p><p></p><p>Hopefully the elimination of new employees entering the pension plans wouldn't undercut their already precarious financial positions.</p><p>If it does, the state might be forced to pony up even more money at some point in the future.</p><p></p><p>It should be a huge boon to financial investment firms to manage all that 401k money though.</p></blockquote><p></p>
[QUOTE="Hobbes, post: 1464245, member: 3371"] On a somewhat related note: There is a big push underway at the Oklahoma capitol to 'reform' the pension plans in Oklahoma. "Reform" = eliminating pensions for all new employee hires and placing new employees in a 401K plan. OPERS, TRS, Firefighters, OHP, and some other smaller systems. The money saved by the state would go towards tax cuts. Hopefully the elimination of new employees entering the pension plans wouldn't undercut their already precarious financial positions. If it does, the state might be forced to pony up even more money at some point in the future. It should be a huge boon to financial investment firms to manage all that 401k money though. [/QUOTE]
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