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Friday, February 25, 2011

Wisconsin public employees pay 100% for their pensions

Not what you've heard, right? According to all the reports, the Governor is asking them to "contribute more," suggesting that the state is kicking in part of the cost of the pensions. Wrong. It's hard to keep up with all the sheer nonsense coming from the Governor's office and its faithful regurgitation by the servile national press. Former New York Times financial reporter and tax expert David Kay Johnson points out that the public employees fund their own pensions entirely. The suggestions otherwise are pure right-wing propaganda:


Anonymous Katie said...

Additionally, the majority of Americans don't oppose collective bargaining rights:, and believe that it's important that public workers are able to retire, send their kids to college, and own a home--and most of them are scraping by to do so.

What I want to know is...what jobs do the majority of people who are against the unions hold?

2:29 PM  
Anonymous Anonymous said...

A prime example of GOP lies for the purpose of duping public opinion. Katie's request to reveal the jobs held by the pre-governer election 58% against WI public unions, or is that 46% post governer election is on the money.

6:54 PM  
Anonymous Dan said...

No, this is all wrong. Under WI state law:

1. The employer is required to contribute a % to the fund.
2. The employee is required to contribute 5% to the fund

This is right under the paragraph quoted in the ETF website.

The law also states that, if both parties agree, the state may also pay the employee share.
That is the text quoted from one of the contracts.
Currently, the state is paying the employee share for ALL state employees.

So, who has been paying 100% of the pension fund contributions?
The state, a.k.a. the taxpayers.

6:59 AM  

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