Thursday, August 11, 2011

TN Taxpayers are getting hosed TWICE, 1-Their Own IRA, 401ks are tanking AND 2-

Taxpayers will have to make up losses to the guaranteed benefit pensions of State Employees. No matter how much the stocks in the State retirement fund go DOWN, TN taxpayers are still on the hook to pay guaranteed benefits.

ALL new state employees should have defined contribution retirement plans just like the taxpayers who fund state government.