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The National Association of State Retirement Admin

 
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PostWysłany: Czw 9:35, 10 Mar 2011    Temat postu: The National Association of State Retirement Admin

The National Association of State Retirement Administrators
The National Association of State Retirement Administrators
Defined-contribution 401(k) plans divert on a tax-deferred basis a portion of pay, generally partially matched by the [link widoczny dla zalogowanych] employer, into an account that invests in stocks and bonds. In 1980, 84 percent of workers at medium and large companies in the U.S. had a defined-benefit plan like those still predominate in the public sector. By last year, just 30 percent of workers in these larger companies were covered under such plans. Defenders of the public pension system say anti-government, anti-union elected officials and interest groups have exaggerated the problem to score political points, and that as the economy heals, public pension plans will gain value and prove critics wrong.
"There's a window that's closing as market conditions improve and interest rates rise,[link widoczny dla zalogowanych], the funding of these plans is [link widoczny dla zalogowanych] going to look better than depicted by some," insisted Keith Brainard, the director of research for the National Association of State Retirement Administrators in Georgetown, Texas. Critics of public sector pensions paint the problem with a broad brush.
"Unionized government workers have tremendous leverage to negotiate their own wages and benefits. They funnel tens of millions of dollars to elect candidates who will sit across from them at the negotiating table," said Thomas Donohue, the chief executive of the U.S. Chamber of Commerce, in a Feb. 24 blog post. "This self-dealing has resulted in ever-increasing wage and benefit packages for unionized government workers that often far outstrip those for comparable private-sector workers." In a Feb. 23 radio interview, Rep. Devin Nunes, R-Calif., called federal stimulus efforts to [link widoczny dla zalogowanych] rescue the economy "essentially a federal bailout of public employee unions." Nunes described money owed to state pensioners as a crisis "about ready to happen." Except that two out of every three public-sector workers aren't union members. The Bureau of Labor Statistics reported in January that 31.1 percent of state public-sector workers were unionized in 2010, compared with 26.8 percent of federal government employees. The highest percentage of unionization, 43.3 percent, was found in local government, where police officers and firefighters work. Teachers can fall into either state systems or local government.
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