The laboratories of democracy are experimenting amongst themselves:

Already this year, 16 states have required public employees to pay more into retirement plans or cut benefits for new hires. Nine states increased the number of years new hires must work to earn full retirement benefits. Two states, Missouri and Illinois, raised the retirement age to 67. California's new budget requires current state workers to contribute more toward their retirement and rolls back new hires' pension benefits to 1998 levels.

Read the full story at BlooBu.

My interview with a public pension critic here. My take on the public employee compensation debate (are they paid too much, too little, etc) here.

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