THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING
PUBLIC PENSIONS UNDER REVIEW

Current workers are counting on system

January 30, 2011

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I FOUND your Jan. 25 editorial “New pension bill is laudable, but doesn’t go far enough’’ to be unconscionable.

One important fact you omitted was that public workers in Massachusetts are not entitled to Social Security benefits. Therefore, they rely on the set pension and whatever savings they can accrue out of their mostly modest salaries.

Your paper stated that the average pension for public employees is $26,000, which, in this expensive state, is hardly a king’s ransom for an individual, never mind for a family.

I have no problem with changing over to some kind of 401(k) for future employees. I recognize that times are tough. But to require those of us who have been working for years and planning our retirement based on a set pension to convert to a 401(k), especially given the volatility of the market, would be inhumane.

Joanne Bogart
Boston