Thursday, January 03, 2008

David's Blue Ribbon Commission On Pensions

We need to quickly phase out the Kentucky Retirement Systems and replace the whole cesspool with index mutual funds.

We need to put all new hires into defined contribution plans and eliminate health insurance for any new non-Medicare retirees not currently in the system.

We need to phase out legislative pensions.

We need to lower the legal limit on executive branch employment to 30,000 jobs and end the practice of double-dipping -- and end the practice of suspending the limit on executive branch employment.

Any other suggestions?