Quote:
Originally Posted by TOAD
This is one of the reasons why the federal, state and local governments are so far in debt, estimated at 4 trillion dollars (just for the states) of unfunded pay and pension liabilities. 
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This is an absurd conclusion. If any fund is underfunded then funds were not placed into the find as was supposed to be or funds were removed.
The reality is that the state governments were and are 'stealing' the pension funds to pay other bills.
If you are of the mind that there are too many state employees that is another argument. Run for office on that platform. Or support candidates that avow to lower or cut the number of state employees. You can start with the state police. Public works employees. Department of Environmental Services. Cut them. Go ahead.
Don't cut the number of secretaries and administrative assistants at the NH Supreme Court though as that has already been tried by former Governor Benson. He did just that. And justice was delayed and all were hired back.
To claim that the state pension fund is underfunded because of the number of state employees is just plain absurd. The fund may be underfunded but it is the state legislature that agreed to raid the monies and use those pension funds for other reasons.