Jakub Krechowicz via Getty Images

Let's Start Using Real Numbers To Discuss Public Employee Pension Plans

The order of the day was to question the very existence of defined benefit pension plans. Yet these plans not only provide much-needed income to hundreds of thousands of retirees, they also benefit society as a whole. People who have paid into these plans throughout their lives acquire a level of financial independence that makes them much less dependent on government assistance in old age.