ASSOCIATION OF PORTSMOUTH TAXPAYERS TO PUSH FOR PENSION REFORM
PORTSMOUTH – The Association of Portsmouth Taxpayers (APT) will be sending letters to city and government officials requesting information on public employee pensions in order to study how these compare to private sector pensions. For example, how much did a public employee put into the pension system and what return are they receiving. “It is good practice for public officials to provide this information so taxpayers are aware of what they are paying for – particularly when big disparities between the public and private sectors exist.” stated APT President Mark Brighton.
According to Steven Greenhut, director of the Pacific Research Institute Journalism Center regarding California public pensions, in an interview linked to on the APT site, www.PortsmouthTaxpayers.com, “The public is getting angry because we see the disparity… they are also seeing depleted public services having to be cut back… these are essentially millionaires’ pensions for public employees because those in the private sector would need to have millions of dollars in the bank to have an equivalent pension,”. APT President Mark Brighton stated “Reaching an understanding of how public pensions compare to private sector ones is becoming a critical issue in many places.”.
The Association of Portsmouth Taxpayers is a nonpartisan organization dedicated to advocating for Portsmouth, New Hampshire’s community: its taxpayers and all residents. APT believes that tightly controlled spending is necessary – regardless of current economic conditions – to keep Portsmouth affordable, reduce waste, and deliver better value to its taxpayers.