Quantcast

Letters: State pension fund

Published: Wednesday, March 6 2013 12:00 a.m. MST

"Retirement benefits for Utah's public employees could be in jeopardy without 'increased contributions' from the state to make up for an overly optimistic rate of return on investments..." ("Audit questions long-term viability of state pension fund," Feb. 26). My temperature is hot and my blood is on fire to think my tax dollars go to pay for pension funds for state employees, let alone guarantee a rate of return promised by our leaders for "overly optimistic" guesses of what we are paying in.

No tax dollars has ever paid for any of my investments, let alone guarantee them. The public should be outraged. State pensioners should be responsible for the gamble just like regular citizens are. When things are good we win. When things go bad we lose... there are no guarantees.

Ralph Olson

Bountiful

Get The Deseret News Everywhere

Subscribe

Mobile

RSS