In last week’s ‘Please, please do us a solid and quit your union” letter from Mary Davenport, an email that was sent to thousands of Michigan teachers using their taxpayer-funded work email addresses, Davenport parroted the Mackinac Center’s “pension spiking” invented outrage-of-the-week.
Today, Eclectablog sets the record straight. This arrangement has been legal and commonplace since the 60’s and outlawing it will cause, according to the non-partisan Senate Fiscal Agency, a $900 million cut to the school retirement system. An effect that the Mackinac Center is absolutely happy about: the more it’s in the red, the easier it’ll be to shut it down.