Lawmakers and governors in many states, faced with huge shortfalls in employee pension funds, are turning to a strategy that a lot of private companies adopted years ago: moving workers away from guaranteed pension plans and toward 401(k)-type retirement savings plans.The efforts come as the governors of Wisconsin and Ohio, citing dire budget problems, are engaged in bitter showdowns with public-employee unions over wages, pensions and collective bargaining rights.
Source: http://www.realclearpolitics.com/2011/03/01/pensions_under_strain_states_eye_401k_plans_251268.html
George W. Bush Hillary Clinton Bill Clinton Rudy Giuliani Jimmy Carter
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