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most businesses match on a 401k up to 6 percent. So that is below the private sector. Also let me get this straight. If Bob is saying the stock market is over projected, than why would any one want a 401 k ?? Just looking at it both ways.

pensions work, either private or public sector. One of the greatest downfall of employment in America is the switch from pensions to 401k. The problem is the pensions are like cookie jars for some places, and hence they get robbed. Look at social security for example. So accountability is the key factor in maintaining them.

but, it does seem like social security was never attended to actually pay out !! Think about it for a minute. You pay into it all your life, yet the actual age that you are able to collect goes up and up. Who the heck wants to retire in their 70's !!! That is old ! Not me, as soon as I can collected social security which is 62 years old I will. I don't care if it is less money per month.

The cookie jar example with social security is the so called medical disability and collecting social security. Oh my neck and back hurts (yeah the one people use in car crashes). It is very difficult to prove or disprove a "bad back".

as I write this I just read the RI Mall is coming back !!!! It will create hundreds of jobs and increase revenue to the city. That is what I'm talking about. The more businesses the more tax revenue. Does Bob figure in the projected numbers of an economic recovery?

also, if only 1 officer is still in Plan 1 than why is it so under funded? is that 1 officer in the plan an ex Chief or some thing ???

How does Obamacare figure in??

the fiscal cliff for the nation is not the same as in Warwick. How can we compare Warwick to the national debt of 16 trillion owed to China ? The Bush tax cuts that are ending will suck but that wasn't meant to be life long cuts !!!

Hey, I don't like paying taxes either, but taxes are a necessary evil in life. They also are necessary in a Democratic society.

Warwick is nice because of all the comforts of this service economy.

From: City’s ‘critical’ pension plan to get outside review

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