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“Pension funding should be set aside for the use of the pension funds ONLY. Organizations that fail to make promised matching payments should pay heavy penalties the avoidance of which would be strong motivation not to fail to make the payments. No government should be able to reneg on its pension promises due to bad management of other portions of their budgets. A pension regulatory agency should be set up to oversee all gov't AND private pensions, including corporate pensions. Workers paying into a fund and then being robbed of their pensions because corporate fat cats are paid bonuses & excessive salaries or engaged in risky investments with the pension fund or used the funds to fulfill other obligations then defaulted on the payback -- this is outrageous behavior. It destroys lives. Executives should be held responsible and jailed for negligent assault and, in some cases, even homicide. JAILED! In the general population of real prisons, not in posh, country club prisons AND for punitive periods of time. Anything counted in months is not long enough!”

From a Democrat in Fort Bragg, CA
In reponse to: Should pension plans for federal, state, and local government workers be transitioned into privately managed accounts?

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Yes