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Nowhere in this aricle is a very fundamental questions being asked: "Why do public sector pensions exist in the first place?!" To be a true model, Warwick needs to move to a defined contribution plan over the next, say, 10-15 years so that the city (i.e. taxpayer) is not on the hook for city employees throughout their eintire life expectancy, and then that of their spouse. City workers should be paid a fair and reasonable wage commensurate with their production and expertise using similar positions in the private sector as a basis of economic comparison. This includes retirement benefits (e.g. 401k vs pension) and health care. The time has come to put an end to all this pension deck-chair rearrangement and simply phase out the entire plan.

From: Union president feels ’spin’ distorts worker sacrifices

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