Tuesday, November 15, 2005

You have the Worst Pension Plan in the U.S.

It's official:

House Speaker Michael E. Busch said,‘‘I don’t think it’s in anyone’s best interests, especially with the worst pension plan in the country, to take away anyone’s benefits.”

--from an article by by Douglas Tallman in the Gazette papers.
Read the full article here.

In case you wondered why your copays and prescription costs have doubled--Last year the Gov tried to shift $120 million in health care costs over to state employees. And why not, we didn't vote for him. We are supposed to be grateful because the legislature managed to cut that increase to "only" $60 million.

So what's next in the Gov's house of budgetary horrors?

Why, deliberately underfund your pension, of course.

"'This administration has not been reluctant to significantly increase employees’ burden on health care costs. We are taking the possibility (of deliberately underfunding pensions) extremely seriously and doing everything we can with our members and retirees to talk to their legislators about this,' said Sue Esty, legislative director for the American Federation of State County and Municipal Employees."

Go get 'em Sue!

Call or write your Maryland State Legislators (find contact info here) and tell them that state employee benefits ARE A BUDGET PRIORITY! not an afterthought.


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