Another example about the exploding cost of pensions

Does the Taxpayer really need another example of what is going on...

Look to Detroit to see your future Chesterfield County employees... Where will you be in your retirement promises? They hope scared to DEATH...

http://mobile.bloomberg.com/news/2013-07-02/troubled-cities-see-exchanges-as-way-to-unload-retirees.html

In Detroit, reducing benefits for 30,000 employees and retirees is part of Emergency Manager Kevyn Orr’s plan to avoid the largest U.S. municipal bankruptcy by erasing a $386 million deficit and attacking a long-term debt of at least $17 billion.

Or how about Chicago...

Chicago plans to phase out retiree health coverage by the beginning of 2017, according to a May 15 letter from Comptroller Amer Ahmad.

Don't worry... Your minders will call it something nice like "Balancing commitments"....

Did you know that municipalities like Chesterfield might not have much choice. As of fiscal 2009, the 61 most populous U.S. cities had funded only 6 percent of $126.2 billion in retiree health-care liabilities, according a report in January by the Pew Charitable Trusts.

The Taxpayer knows... It is a slow motion train wreck and your local officials are not being upfront with you or their first responders, school teachers, and professional staff.

Remember to tell your friends and neighbors vote NO on the meals tax this November. Tell your elected officials and administrators to be truthful about the real reasons they want to increase taxes... To sustain an unsustainable defined benefit pension fund.