Politicians long ago realised that if you offer public-sector - TopicsExpress

Politicians long ago realised that if you offer public-sector workers bigger retirement benefits, they vote for you today and the bill does not arrive for years. Some states have allowed staff to “spike” their final-salary pensions by racking up lots of overtime in their last year on the job, vastly increasing their retirement payouts. Some retire with packages worth millions. The states granted these generous benefits on the basis of recklessly optimistic assumptions, such as that their pension funds’ assets would continue to generate the same bumper returns as during the equity bull market of the 1980s and 1990s.

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*بسم الله الرحمن الرحيم,* السلام

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मोदी जी को प्रधानमंत्री

ဒီေန ့ကြ်န္ေတာ္

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