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August 11, 2010

Sorry, but it's time to reform some public pensions

Sorry, Colorado public workers, but, yes, your pensions need adjusting. Getting a guaranteed 3.5 percent hike every year, no matter the inflation rate, just doesn't fly.

That said, neither does the state structuring its pension system so that they replace, not supplement, Social Security, especially if state jobs in Colorado don't offer 401s, either.

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