|
||||||
|
Problems with Pensions
By Laura Knoy on Thursday, May 1, 2008.
New Hampshire's retirement system for public employees is seriously underfunded, and lawmakers are trying to reform it, tackling tough structural issues that many say should have been tackled long ago. We’ll look at the two competing reform measures and their impact on retirees and taxpayers.
Guests
- Lauren Dorgan, House reporter for the Concord Monitor
- Jay Ward, political director for the Service Employees International Union, Local 1984
- Lisa Shapiro, Board Chairman for the New Hampshire Retirement System and chief economist for Gallagher, Callahan and Gartrell
We'll also hear from
- Dean Michner, director of governmental affairs at the New Hampshire Boards Association
- David Lang, president of the Professional Fire Fighters Association of New Hampshire and fire fighter in Hampton for 28 years
Delicious
Digg
Reddit
Facebook
Google
Yahoocomments
All comments are moderated before appearing on the site. Comments must adhere to the NHPR.org comment guidelines and terms of use.
(1) Teachers can retire at 50 (at a greatly reduced benefit level) but cannot receive medical benefits until age 60
(2) The state siphoned money from the pension fund during "good years" & never repaid that money
(3) The state employers fund fund at a much lower rate than employees for many years
Why do employees get lamed for the poroblems they didn't create?
Employers of all varieties have shifted to defined contribution plans (airlines, utility companies and corporations in all industries). They are so much less expensive to administer and it is so much easier for the employer to keep their "promise" and fund it each year.
I truly wonder how the state and/or towns ability to attract employees would change if they changed to defined contribution plans? How much does the "type" of plan influence the employees decision of to work in the public sector vs. a private company where a defined contribution plan is the standard?