Wednesday, March 02, 2011

Public employees pensions

Pulitzer Prize winning tax reporter, David Cay Johnston, has written a brilliant piece for tax.comexposing the truth about who really pays for the pension and benefits for public employees in Wisconsin.
Gov. Scott Walker says he wants state workers covered by collective bargaining agreements to “contribute more” to their pension and health insurance plans. Accepting Gov. Walker’ s assertions as fact, and failing to check, creates the impression that somehow the workers are getting something extra, a gift from taxpayers. They are not. Out of every dollar that funds Wisconsin’ s pension and health insurance plans for state workers, 100 cents comes from the state workers.

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