Recently, Public Employee Pensions have been the source of a growing controversy. Often, in the fight over pension reform, politicians, the public and the media lump all public employee benefits together and compare those to private sector workers who generally get less generous retirement payouts. But that hides tremendous disparities between public employee group's pensions. Teachers, for example, contribute more of their salaries to retirement and collect less in benefits than public employees. Can the debate on pension reform move from one of polarizing rhetoric to one of mutual compromise that will stabilize budgets and make pensions fair for everyone? We'll get the views of the key players and experts in the debate: LAO State Finance Director Jason Sisney, Marcia Fritz, President of the California Foundation for Fiscal Responsibility, Allan Clark, President of the California School Employees Association and Jon Ortiz who writes the Sacramento Bee's State Worker blog.
In Part 3, Dr. Keppler speaks with Marcia Fritz of the California Foundation for Fiscal Responsibility and Allan Clark of the California School Employees Association to discuss the various myths surrounding the Public Employee Pension Debate and the actual facts.
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