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February 11, 2009 Gaming public pensions
Most government employees are different than you and me. They have more job security, better health care plans, and most of all, most enjoy defined benefit pensions, guaranteed by the government's ability to take money away from us and give it to them. They are protected from many of the risks ordinary Americans face.
In far too many cases, public employees game their pensions, running up their retirement pay. Sean P. Murphy of the Boston Globe provides a particularly venal example:
The Malden Public Library is actually a private corporation receiving government money. Apparentl;y that is enough to make it qualify to fatten Brennan's retirement pay. The main building of the Malden Library, the Converse Memorial Library, is a 19th century architectural masterpiece designed by H.H. Richardson. The main reading room is a polace of extraordinary beauty. How sad to see the library used to exploit Massachusetts taxpayers. Hat tip: Ed Lasky
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