Perhaps it is time for those who think they know better to take a look at the facts of reality and instead of blocking reform, work towards real options
Pension Reform - Who Controls our Retirement Future?
Talk of pension reform in the government sector starts the usual hand wringing among those who think they know best for everyone else. At the moment, Wyoming's government signs most of its workers up to a defined benefit pension plan, whether these workers would prefer another option or not. Most people in the private sector, if they have a pension plan at all, have a defined contribution plan. Some workers in the government sector have a choice between defined benefit and defined contribution plans. Given the litany of excuses used by hand wringers against shifting new government workers to a defined contribution pension plan, one would think no government worker would freely choose a defined contribution plan.
