Sunday, April 25, 2010

Pensions

The basic factors of the municipal pension system were that in return for lesser pay than private industry, there was a guaranteed job. This original deal has been lost. Municipal salaries are higher than most positions with similar qualifications in private industry. Raises are automatic; there are COLA adjustments that no one counts as a raise; pensions are better; lifetime medical coverage is better. Most workers in private industry have seen their raises disappear in the last 2 years while their taxes increase to meet municipal workers needs.
For municipal workers to claim that they are being singled out is absurd. They are the only ones who have not been impacted.

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