better do a little more research I was at the hearings on Sept. 12th & 13th. You may recall that there is a campaign afoot to “reform” (i.e. radically change) Texas’ public pensions for teachers and other public employees. Basically, the reformers want to abandon the defined-benefit model, which guarantees certain retirement benefits, and replace it with a defined-contribution system built potentially on self-managed accounts such as 401(k)s. http://blog.chron.com/kuffsworld/2012/09/2075-
don October 11, 2012
at 5:11pm
better do a little more research I was at the hearings on Sept. 12th & 13th. You may recall that there is a campaign afoot to “reform” (i.e. radically change) Texas’ public pensions for teachers and other public employees. Basically, the reformers want to abandon the defined-benefit model, which guarantees certain retirement benefits, and replace it with a defined-contribution system built potentially on self-managed accounts such as 401(k)s. http://blog.chron.com/kuffsworld/2012/09/2075-