The thing this article left out is that the people in the Public Employees Retirement System are not eligible for Social Security. PERS is not a 401(K). Retirees have no other income other than PERS. Your article is misleading because it doesn't mention this very important information. PERS cannot be compared to GM, Coca-Cola, etc., because you're talking about their 401(K) plans, which PERS is not.
Budget debate shows gap between public and private
The thing this article left out is that the people in the Public Employees Retirement System are not eligible for Social Security. PERS is not a 401(K). Retirees have no other income other than PERS. Your article is misleading because it doesn't mention this very important information. PERS cannot be compared to GM, Coca-Cola, etc., because you're talking about their 401(K) plans, which PERS is not.
June 26, 2009 at 11:48 p.m. permalink suggest removal