Quote:
Originally Posted by diz
. . . . the unfunded liability of municipal employees' pensions and health care. Collective bargaining agreements by the town's unions have left us with a large and somewhat difficult to project future costs. While pension costs can be roughly projected, health care costs cannot.
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Well now you are mixing up underfunded state pensions and health care costs. Two completely different items.
And a misunderstanding of what a collective bargaining agreement is.
A collective bargain agreement is an agreement, in this case, between the town and the towns employees. Both sides agree on all conditions. Each side can hire the bestest and brightest to represent their side. This is an agreement. Both sides agree to conditons of employment.
If your town or the state decides to raid their portion or both portions of the retirement funds - well shame on them. If your town or the state hires actuarial incompentents - well then shame on them. If the money is stolen to pay other state bills - well shame on the legislature.
And in Massachusetts most employees receive an annuity and not a pension. Look up the difference. Some police and firefighters may receive a pension but that is the legislature that sets that up. If that is too much - well, then shame on the elected legislature.
If New Hampshire or Massachusetts has problems with the funding of the state annuities and pensions then why do you folks keep electing the same people?
All elected officials should know all of this. If they don't they should inform themselves or resign and let someone else who is informed do the job.