In today’s current economic climate attention should be paid, not only to pension plan, but to those who run them. North Caroline state employees have a pension fund and it may be a similar situation as many northern and liberally run states.
The intent to operate a public or private retirement program should be more conservative management style. State employees are like everyone else; they want the money they have worked for. Is this a foreign concept?
It appears when Democrats are in charge of money, they like to spend every one’s, except their own. This is showing up in the North Carolina state government as well as the federally managed government.
At some point wasting money to buy votes will backfire and the political fallout will be on those with the progressive agendas. No matter the source, it’s still the money of the people. Poor management has become a mandate for business on a government scale. Readers of www.newsobserver.com might want to look deeper into the management of North Carolina state pension farms.