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Paying it forward: Where Public Sector Retirement went wrong:

Paul A. Johnston, Jr. Paying it forward: Where Public Sector Retirement went wrong

Content:

Content Topic and Current Policy Policy Options Policy Chosen

Topic and Current Policy:

Topic and Current Policy Public Sector Retirement What happened to “Double Dipping”? What are we using now? What is a Defined Benefits plan? Why do we need change?

Policy Options:

Policy Options Two additional policy options Defined Contribution plan Hybrid Combined plan

Policy Chosen:

Policy Chosen The policy I chose… DEFINED CONTRIBUTION! Allows agency to gain control over unfunded pension plans Increases efficient use of tax payer money Gives control of pension plan to employees

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