Thursday, March 10, 2011

Brits Propose Public Sector Pension Reform

Struggling to deal with their massive, unsustainable entitlements, former Labour Minister Hutton issues a report for the Conservative Center Left coalition government recommending pensions based on average career salary. Public sector unions threaten general strikes.

Britain has already begun cutting 500,000 public employees in a major move to stave off spiraling decline.

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