Birds of a feather screw over state employees together:
A recent American Legislative Exchange Council (ALEC) report named North Carolina’s retirement plans among the top four state-administered public pension plans for the year in terms of transparency. ALEC recognized the state, along with Kentucky, Nebraska and Montana, for transparency in the administration and reporting on the ongoing status of the North Carolina Total Retirement Plans. The report, Unaffordable and Unaccountable 2017, highlights the importance of transparency in public pension plans, noting that transparency in financial reporting enables the public to access the information needed to make informed decisions.
Of the report State Treasurer Dale Folwell said, “I’m proud of the work our team is doing to ensure the health and integrity of the funds we’re responsible for managing. Part of that good work is being open and transparent about what we’re doing to keep the pension promise made by our state to the public servants in North Carolina.”
Bolding mine, because that's all you really need to know about ALEC's motivations when it comes to public pensions. Their overriding goal in this area is to make a massive shift in the way state employee retirement plans are funded, and that shift (of course) means forcing those employees to pay for their own pensions like private-sector workers do in most cases:
http://ift.tt/2qGiEU6
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