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Making it worse

February 24, 2013
Williamsport Sun-Gazette

State Sen. Eugene Yaw in a recent story on public employee pensions says he supports forcing new teachers into a defined contribution, 401(k)-style plan. I commend Sen. Yaw for his concern about this issue, but this idea won't solve the pension debt problem in fact, it will make the problem worse by not continuing to add funds to the current system which means it will eventually run dry due to current pension pay-outs.

 
 

 

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