Over the past year, politicians, pundits and an array of think tanks have put forth some frightening predictions about public employee pension plans. A misguided belief that pensions, particularly defined benefit plans, are causing the fiscal stress of many states is false. The widely held notion that 401(k) plans can provide adequate retirement benefits is, similiarly, a myth.
Here are some other major and oft-repeated misconceptions floating around many statehouses these days:
Myth: Public...Full Story