LYNNFIELD INITIATIVE FOR TRANSPARENCY
"A lack of transparency results in distrust and a deep sense of insecurity." – Dalai Lama
U.S. Public Pension Shortfall Exceed $1Trillion
This article recently appeared in Business Week. After reading this article, it appears we will all be faced with funding Public Pension shortfalls.
http://www.businessweek.com/news/2014-06-10/u-dot-s-dot-public-pension-shortfalls-exceed-1-trillion
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I believe few in town realize that those appointments for field driver and wood measurer add to the pension burden as they “add” to the tenure of those people and add to “years of service” for pension calculations. Just like at the State level with the pension abuse we see today, we too have it at the local level … and we, towns people, pay for it in our town real estate taxed as it adds to our towns required contributions to the municipal pension fund