That's one of the changes they didn't make, maintaining a pension plan rather than putting into place ways the employees could save for their own retirement. Most places today don't have them (full disclosure: my company still does, although it was pared back several years ago and the 401k plan was beefed up). That's one of the many reasons that sunk GM just as one example, the joke was that they were a pension plan that also built cars. I'd say most municipalities and states are in similar straights or getting there due to the overly generous (by private standards) employee benefits and pension plans. It is said that some cities will have to cut most services just to pay pensions. How would you like to live in a place where they can't pick up the trash, fix the streets or respond timely to emergency calls for police and fire so the retired accountant can still get her fat pension check, all the while the city fathers are getting more and more tax money from you? Something to think about.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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