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Commentary: End the "experiment' with public pensions

SITKA, ALASKA In 2005 the state legislature ended “defined benefit” pensions for public employees, and replaced them with “defined contribution” plans based in stocks. With the crash in the market, many public employees now have little in the way of retirement savings, and by state law, are also excluded from Social Security. Commentary writer Ginny Blackson would like legislators to bring this unfair “experiment” to an end.
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