That's one of the changes they didn't make, maintaining a pension plan rather than putting into place ways the employees could save for their own retirement. Most places today don't have them (full disclosure: my company still does, although it was pared back several years ago and the 401k plan was beefed up). That's one of the many reasons that sunk GM just as one example, the joke was that they were a pension plan that also built cars. I'd say most municipalities and states are in similar straights or getting there due to the overly generous (by private standards) employee benefits and pension plans. It is said that some cities will have to cut most services just to pay pensions. How would you like to live in a place where they can't pick up the trash, fix the streets or respond timely to emergency calls for police and fire so the retired accountant can still get her fat pension check, all the while the city fathers are getting more and more tax money from you? Something to think about.
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Today's Featured Article - Show Coverage: Journey to Ankeny - by Cindy Ladage. We left Illinois on the first day of July and headed north and west for Ankeny, Iowa. Minus two kids, we traveled light with only the youngest in tow. As long as a pool was at the end of our destination she was easy to please unlike the other two who have a multitude of requirements to travel with mom and dad. Amana Colonies served as a respite where we ate a family style lunch that sustained us with more food than could reasonably fit into our ample physiques. The show at Ankeny
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