Rhode Island Politician Inclined to Run to Big Brother
The Providence Journal today published a very disappointing op-ed from Rep. John Loughlin (R, Tiverton, Portsmouth, Little Compton) that Monique posted on Anchor Rising back in March to some extensive commentary. Loughlin’s premises are that we have a moral obligation to fulfill the pension expectations of public employees and teachers who are vested in the system and that the most painless way to save the General Assembly from its own malfeasance is to ask the federal government for a handout and, in the process, give over ultimate control of our pension system.
It’s a big-government scam that isn’t worthy of a Republican and isn’t likely to happen anyway. And it shouldn’t happen. Employees are vested after 10 years, which essentially means that they get 100% of the pension that their contributions permit. There is no obligation — moral or, as far as I can see, legal — to hold on to the unsustainable system that legislators unwisely and corruptly constructed for employees who still have up to two-thirds of their careers ahead of them. Asks Loughlin:
How can we say to a valued teacher or employee who has contributed to a plan for 10, 20, or nearly 30 years in accordance with the terms the state agreed to, that they now must work a decade longer and receive a reduced retirement?
Sorry. The guilt trip is empty. Like many other private-sector Rhode Islanders, I expect to die working, as it is; how can Rep. Loughlin say to me that I must also sell the body parts out of my corpse in order to pay for the vote-buying and back-rubbing of long-retired politicians?