It figures some con artists are trying to get at state pensions like Nevada's while peddling scam 401(k)-type junk. Since Nevada and some 13 or 14 other states do NOT pay Social Security for their public employees, these employeses would get fucked over royally by such "reforms."
It's another attempted bank heist by Wall Street.
In actuality, the Segal outfit which conducted the study, is very skeptical of any conversion of defined benefit plans to defined contribution plans, with the latter virtually guaranteeing people wind up destitute, but the USCC and other right-wing outfits are absolutely enamored with the idea of screwing public employees over as much or more as private employees.
The original article is in a paper I no longer link.
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