Sunday, May 01, 2005

What I Don't Understand on Indexed Benefits

For years I've heard the sort of thing included in today's New York Times in James Dao's article entitled "'55 and Out' Comes Home to Roost" That is, public employees "...receive among the best, most rock-solid pensions and retirement health benefits of any workers in America. Many can retire before 65, with generous cost-of-living adjustments built into their pensions and full medical benefits for life." Now Mr. Dao is describing state and local government employees, some of whom have only their government pension and some of whom have a pension on top of Social Security. (I think the 1983 commission required all employees to be under SS.)

When conservatives talk about changing Social Security benefits to be indexed to inflation rather than wages, liberals say that's unacceptable. But Mr. Dao can describe the same COLA's as "generous" when discussing public employees.

No comments: