03-24-2009, 03:03 PM
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Hall of Fame Poster
Join Date: Aug 2006
Location: Boston
Posts: 25,138
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Patrick targets pension loopholes
I give credit when it's due, and if he succeeds in getting these reforms passed, I'll give him an atta'boy for it. This state is ripe with corruption, croniism, giveaways, ineptitude, waste.....you get the picture. Pension reform does nothing to curb the current budget crisis, as these proposed changes will only affect future transactions, but never the less, it's grossly needed. Patrick deserves credit for trying to get something right.
Patrick targets pension loopholes
Seeks to quell anger, generate big savings
By Andrea Estes
Globe Staff / March 22, 2009
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The Patrick administration today will unveil a series of proposed reforms designed to close loopholes in the state pension system that have allowed workers to dramatically inflate their retirement benefits at a cost of millions of dollars to taxpayers.
Officials say they hope the changes can generate "significant" cost savings. Just as important, they said, is ending abuses that have angered the public, whose support the governor needs as he seeks to close an ever-widening budget gap. Taxpayers have made it clear they want government to cut spending and curb abuses before they will support any tax hikes.
Patrick administration to propose reforms for pension loopholes - The Boston Globe
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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897
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