Relevant:
- The Mirage of "Economic Recovery"
- 52% of Unemployed No Longer Receive Benefits; Average Duration of Unemployment is 40 Weeks
- How the Government Is Coming After Your IRA and 401(k) Plan
- NY's Unfunded Public Retirement Health Benefits Balloons To $90+ Billion
- Private sector slowdown heightens recession fears
2010-03-24 — blogspot.com
In the private sector, adjusted for inflation, employer spending on retirement benefits stagnated between 2004 and 2009. That’s right, just flat, even before the financial bust.
By comparison, state and local costs for retirement rose by 30% between 2004 and 2009, in real terms.
This cannot continue.
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