Give Elected Officials 401(k) Plans
Lately, there has been a lot of talk by the elected officials in many States, on ending pensions for public employees such as teachers, firefighters and police. Some of them even enacted on these talks, to pass laws to end guaranteed pension plans and turn them into 401 (k) option. And I say, let’s do the same for them: It is time for all elected officials, from the $186,000-a-year congressman to the small-town mayor, to no longer have taxpayer-funded pensions, but rather take a portion of their salaries and put them in 401(k) plans. With the types of benefit plans…
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