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Download full textHess, Frederick M.; Squire, Juliet P. – American Enterprise Institute for Public Policy Research, 2009
The tension at the heart of pension politics is the incentive to satisfy today's claimants in the here-and-now at the expense of long-term concerns. Rules and auditing standards are intended to tame this kind of short-sighted behavior in the private sector. In the public sector, the primary safeguard is the hope that public officials will not be…
Descriptors: Public Sector, Teacher Retirement, Retirement Benefits, Income
