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Here is a solution that I have been recommending for years. Voluntary pension buyouts! It worked for Texas to the tune of about $770,000,000 in savings. The retiree gets a check. The City saves the cost of the future benefits. Remember, it's VOLUNTARY, so anyone that doesn't want it isn't harmed in any way.

2. Also, anyone who has health benefits that are covered by a second health plan or a spouses health plan, that retiree could be offered a buyout check as well. Again, a win-win situation.

3. Finally, anyone who has retired on an injury retirement should be re-examined annually to determine if they are still qualified to receive benefits.

Implement these three ideas and I believe the taxpayers will save millions. I don't care if you don't credit me even though I have been promoting them for years, while my critics keep saying "How is he going to do it?"and "How much will it save?" These are ideas that make sense, good common sense. Isn't it time for good common sense pension reform?

Happy Easter everyone.

Rick Corrente

The Taxpayers Mayor

From: Retiree health costs a $290M unfunded tab

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