When such pension plans face shortfalls, the taxpayer is left to clean up the mess

Since the turn of the millennium the ever-increasing cost to taxpayers of government sector pension plans has been made evident time and again. Contribution rates have been hiked, often doubling in one decade, or the plans have been partly bailed out by governments – or both.

Continue reading Status Quo Defined Benefit Pension Plans For Government Employees Akin To A Blank Cheque at The Afro News.