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Tuesday, October 10, 2006

Hershey changes pensions to cut costs

While the Hershey Company continues to make defined-benefit pension reforms to remain competitive, we've got a union-backed group in Harrisburg lobbying for HIGHER defined-benefit pension costs on taxapyers.

If you bother to read the Keystone Research Center's report, you'll see that its authors are trying to live in a world where costs are irrelvant. Of course, that is the same fiscal mentality that turned the state's pension plans' $13 Billion surplus in 2001 into an $11 Billion liability today. And we need MORE of this?

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