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Real Pension Reform: A California Design 9/4/2012
California could be the leader of real pension reform by rejecting the flawed national accounting standards for public pensions, measuring pension liabilities using government bond yields, and linking part of the benefit to investment performance.
(advancingafreesociety.org) Stamford Prof. Joshua Rauh discusses the widespread agreement that California needs pension reform. Read more.
What is so frustrating for those of us who have been invveold in the fight against this injustice all this year is that we have done all these things, we've written to our MP's (in my case she is Labour and against the SPA change anyway) we've written to the press,and been featured individually in the press too, we've written to and emailed every Tory and Lib Dem MP even when they are not our own, we've sent the postcards, we've been to London, we've spoken at Union meetings, some of us have been on TV and radio, we've formed protest groups, we've signed and presented a huge petition, we've sent an open letter to IDS and it's all, so far, been in vain because they have overridden us at every turn.And now it's come down to the last opportunity, what more can we do? How can we protest louder or longer or more forcibly than we have already? I sincerely hope you have some more ideas yet because so far everything has fallen on stony ground. I also hope that the secretary of state for works and pensions is a man of his word.
