Texans are all too familiar with public
sector pension problems (along with taxpayers in Illinois, Michigan, and a slew of other states).
Not exact matches
Public opinion is likely to be split, but any suspicion that teachers are ignoring the plight of those in the private
sector who don't have any
pension scheme at all could pose
problems for the NUT.
«As I researched the idea of promoting savings in our
sector, the idea of credit union came into mind and I said that's it because it dawned on me that majority of the people don't have savings accounts, insurance cover or even
pension schemes and since I became the Chairman of GHAMRO I really felt the pinch because every now and then I get calls from members asking for advance payment of their royalty to either pay school fees, settle medical bills or to even solve other financial
problems then I've realized that this vacuum has to be filled because GHAMRO doesn't have a policy to pay this type of monies».
The
problem isn't with public
sector pensions, it's rather with the spectacular failure of private ones.
Moreover, the report's descriptions about teacher
pension plans are wildly out of touch with reality and attempt to paper over real
problems in the public
sector.
But she then attempts to persuade readers not to worry about public
sector pensions and instead focus on the retirement savings
problems in the private
sector.
The real
pension problem is in the private
sector.
The example highlights a gross inequality, but Pierlot says he doesn't have a
problem with public
sector workers getting a good
pension.