A Tried and True System That Benefits Taxpayers

The traditional public pension system is the best way to ensure taxpayers can reliably receive vital services. It's a cost-effective, proven and stable method to attract and retain qualified people to perform critical public sector work.

Dismantling and replacing the traditional pension system with new private accounts will result in higher costs for taxpayers and bureaucratic chaos.

The traditional pension system works - and has for more than 100 years. It is flexible and provides vital services to taxpayers at a low cost. Further, it provides a modest and stable retirement income for workers who have dedicated their career to serving the public.

FACTS ABOUT PUBLIC PENSIONS

• The public pension system safeguards the delivery of vital taxpayer services.
  
  
• Taxpayers will pay MORE to move to millions of private accounts.
  
  
• The traditional public pension system is sound.
  
  
• Funding shortfalls can be avoided.
  
  
• The traditional public pension system is a vital stimulus to the economy.
  
  
• States that have attempted a radical reform of public pensions have failed.
  
  
• Taxpayers will foot the bill for workers who outlive inadequate, unstable retirement income.