Speaking of sustainability...

"That's not only insane, but it's also unsustainable,"

said Westchester County Executive Robert Astorino, after a panel discussion in Albany about the pension situation in New York State.  The panel was discussing a report from the Empire Center for New York State Policy which predicts that school districts' contributions to the New York State Teachers Retirement System could more than quadruple over the next five years.

These increases are just not realistic.  What will we do when (not if) the pension plans and school districts are insolvent?  We need to get ahead of this problem and move to realistic defined contribution public pensions (paid out of current income) instead of the current defined benefit plans.  We also need to eliminate unfunded state mandates on our school systems.

Read the article on the Ithaca Journal site, or click over to www.empirecenter.org to  read the whole report.

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