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Patrick targets pension loopholes

Discussion in 'Political Discussion' started by Real World, Mar 24, 2009.

  1. Real World

    Real World Rookie

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    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
    Email| Print| Single Page| Yahoo! Buzz| ShareThisText size – +

    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
  2. Stokes

    Stokes Rookie

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    A definite step in the right direction. Together we can Deval!
  3. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    Yeah, it's great he's doing that, but it puzzles me why wasn't it done years ago?
  4. Stokes

    Stokes Rookie

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    Well, the people that vote on these kinds of things are the ones that exploited it, and I get the feeling that past administrations (Bill Weld anyone?) have made some backroom handshake deals to keep it in place in return for advancing other parts of their own agenda. Romney started on the road to reforming these agencies but didn't make much progress, and in all honesty was probably more interested in advancing his own political future than really getting in a messy fight over it. As others have said, the corruption in MA politics is pretty epic, and I'll be interested to see if Deval can make any real headway on this or if he ends up with a largely symbolic change. Common sense stuff like this or police details or other stuff should be taken care of easily but never seems to get done.
  5. Real World

    Real World Rookie

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    85% control by one party in the legislature for how long? Um....
  6. DarrylS

    DarrylS PatsFans.com Supporter PatsFans.com Supporter

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    This may look like a Massachusetts problem.. but it exists in many public pensions systems..and is a cause of why so many municipalities have budget issues..
  7. Real World

    Real World Rookie

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    Or why so many gubmits should be out of business.
  8. Leave No Doubt

    Leave No Doubt PatsFans.com Supporter PatsFans.com Supporter

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    Indeed-good stuff from Deval! Let's hope it actually happens; things around here seem to have a strange way of just kinda disappearing:rolleyes:

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