Are You Going to Send You a Check When You Retire?

Pensions for public employees are supposed to grow at a rate of 8% per year. States were assuming that every dollar they contributed would be worth two dollars in ten years. The state or lo government is going t is basely going to take care of them by sending them a check when they retire, writes John Sutter. "I could imagine getting into a situation wheref if i were the legislature or the governor," he says.