Tag: Police and Fire Retirement System
Life expectancy of those who survive to 60 looks very similar to that for general employees. At a recent meeting, a colleague asserted – with great assurance – that we need very different pension plans for different types of workers, because firefighters die two years after they retire while teachers live for 20 years. I…
If benefits are to be cut, cut them fairly. Public employees in Detroit are looking at the prospect of substantial cuts in their pension benefits – not cuts to future benefits but actual reductions in the amount that retirees are currently receiving and current workers have earned to date. As a rule, I hate to…
