The Public Workforce We Deserve
By Steve PoftakOctober 29th, 2008
Part of the public pension system’s purpose is to attract and retain a high quality workforce. So, I read with interest the announcement that Lincoln-Sudbury High’s principal is retiring because:
“It’s one of these things where you hit a certain point in the Massachusetts retirement system where you have a certain amount of years of service and are at a certain age,” he said. “You hit the point where your pension is at a max.”
Take a read of some of Bob Costrell’s work on the Massachusetts public pension system for educators to get an idea of the perverse incentives in place.
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