Column: Gold-plated civil service pensions are an obscene, obsolete Ponzi scheme. End them – U.S. Sun

"Public sector pensions are nothing less than a giant Ponzi scheme which threatens to crash the British economy...In America, major cities such as Detroit, Chicago and Pittsburgh, among many, are technically or literally bankrupt thanks to bloated pensions dished out by conniving politicians to police and fire services."
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Giddyap
3 years ago

The great Illinois pension scam

— collect pensions from 8 different jobs

— get promoted on your last day of work and triple your pension payout

— maintain a stranglehold on Illinois government that lets unions pad the payroll, dig an even deeper pension debt grave for Illinois taxpayers

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