Texas should adopt the defined contribution reform plan that offers state and local government workers the choice of a defined contribution retirement plan in place of their current defined benefit plans. Such a plan offers great advantages for both workers and taxpayers. Over the past 20 years, private sector employers have shifted sharply towards “defined contribution” pension programs. The number of private sector employees in such plans soared from 11 million in 1975 to 43 million in 1995, an increase of about 300%.
Governor’s Healthcare Plan is a Solid Start
We applaud the Texas Gov. Greg Abbott’s plan to remove unnecessary Obamacare-era mandates. It is critical to open up more options for Texans in the currently restrictive healthcare markets. Texas needs healthy healthcare again. Far lower costs with the same or even better level of medical care are easily achievable now, but restricted by outdated...