Saturday, June 19, 2010

Problems with State Pension Funds

No surprise here. The New York Times has an article on the problems of state pension funds and the efforts of state governments to cut back benefits. It wouldn't hurt to detach pension funds from Wall Street either.

Plenty of states are talking about extending the retirement age to 67. By the time I'm 67 in 11 years, people will be working till their 70 and I'll be one of them.

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