Pension Funds Strained, States Look at 401(k) Plans - NYTimes.com: "“I imagine that anyone who went through the recession with a 401(k) and saw the stock market nosedive wished they had a pension plan instead of a 401(k),”"
..."Bette Grande, a Republican state representative in North Dakota, vowed to continue pushing for 401(k)-type plans. Ms. Grande sponsored a bill to switch new employees entirely to such plans, but it was blocked by the House on Feb. 18. 'I think it’s condescending to say that workers aren’t wise enough to manage their own investments,' said Ms. Grande, who said she would push to revive the bill. 'I refuse to think I’m going to have a bunch of teachers on welfare.'”
Bette is looney and dangerous...
Tuesday, March 01, 2011
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