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Money and Finances
Reply to "FCC and unsustainable pension plan for city employees"
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[quote=Anonymous]I agree that pensions are entirely inappropriate in this day and age. Both because of the advent of 401k style defind contribution options and because of the increased awareness of the utter lack of predictability in financial markets, even over long periods. I'm a FCC taxpayer and I am extremely concerned about the series of poor long term planning decisions by the city council. Unfortunately, given the extremely liberal bent of the FCC elected officials, I highly doubt there is the political will to make the hard decisions about limiting future pension liabilities. [/quote]
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