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Pension / Retirement Crisis Is Becoming An Underfunded ‘Tsunami’ According to The SEC
The Daily Coin ^ | 10/22/2018

Posted on 10/22/2018 12:48:55 PM PDT by SeekAndFind

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1 posted on 10/22/2018 12:48:55 PM PDT by SeekAndFind
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To: SeekAndFind

Oh dear. Left-wing government employees got conned by politicians. There’s a new one.


2 posted on 10/22/2018 12:50:46 PM PDT by Steely Tom ([Seth Rich] == [the Democrat's John Dean])
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To: SeekAndFind

Is it only a crisis in the SEC or also in the Big Ten, Pac-12, Big 12, Ivy League and other conferences?


3 posted on 10/22/2018 12:53:27 PM PDT by Verginius Rufus
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To: Steely Tom

They didn’t get conned. They demand and expect that the taxpayers will be made to pony up whatever it takes, no matter how unaffordable. The taxpaying public is there to service its so-called servants.


4 posted on 10/22/2018 12:58:54 PM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: Verginius Rufus
More jobs and more workers = more Fica = more SS.

Less illegals = more Americans providing for Americans that have already paid INTO the system.

President Trump is just getting started and the full benefit(s) may take another year or two.

But they're coming !

5 posted on 10/22/2018 12:59:26 PM PDT by knarf
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To: Steely Tom

Not all left wing.

I have a nice pension coming in about 4 months. But, it’s funded by my paycheck.

If I get anything out of SS, it’s gravy.


6 posted on 10/22/2018 12:59:39 PM PDT by Conan the Librarian (The Best in Life is to crush my enemies, see them driven before me, and the Dewey Decimal System)
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To: Conan the Librarian
Not all left wing.

What do you think the percentage of conservative government employees is?

Did you have a lot of conservative acquaintances at work?

7 posted on 10/22/2018 1:00:59 PM PDT by Steely Tom ([Seth Rich] == [the Democrat's John Dean])
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To: Steely Tom
They used the power of the public employee unions to fleece the public and feather their nests. It is only natural that the public which got fleeced will, at some point, refuse to provide any more feathers.

We worked for our feathers. Why can't they?

Breaking the public employee unions if the first step toward real meaningful social security reform. Yeah, I know it sounds harsh. But is there really any other way?

8 posted on 10/22/2018 1:03:52 PM PDT by Vigilanteman (ObaMao: Fake America, Fake Messiah, Fake Black man. How many fakes can you fit into one Zer0?)
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To: SeekAndFind

All we need to do is raise taxes to pay for the pensions!

Problem solved!

[/s]


9 posted on 10/22/2018 1:07:43 PM PDT by MeganC (There is nothing feminine about feminism.)
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To: Conan the Librarian

But, it’s funded by my paycheck.


Half of my public-school pension is from my paycheck and the other half is payments into the retirement fund by my district. I am close to running out of my money and will soon be dipping into the district’s contribution. More than half of my Social Security (earned before I went into teaching) is withheld—they don’t want us “double-dipping”.

And at the school I taught at, there weren’t many left wingers at all.


10 posted on 10/22/2018 1:10:42 PM PDT by hanamizu
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To: SeekAndFind

Most pension funds invest the money they receive from future pensioners in the stock market.

If the Democrats win the upcoming election, the stock market will fall, further endangering the already shaky pension funds and their future pensioners’ prospects of receiving any money when they retire.

So the last thing prospective pensioners — almost all of them Democrats — should do is vote Democratic.

But if any of them were intelligent enough to understand this, they’d be Republicans by now.


11 posted on 10/22/2018 1:15:47 PM PDT by humbleexpert
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To: SeekAndFind

This was the RAT plan from the beginning


12 posted on 10/22/2018 1:16:19 PM PDT by 11th_VA ("When passions are most inflamed, fairness is most in jeopardy." - Susan Collins)
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To: SeekAndFind

I think they should ban pensions for states and municipalities and instead go with fully funded 401ks. If there is matching with delayed vesting the matching amount has to be funded from the start.

And they should allow health savings accounts for anyone whether they have alternatives through work or not.


13 posted on 10/22/2018 1:17:44 PM PDT by DannyTN
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To: SeekAndFind

I think they should ban pensions for states and municipalities and instead go with fully funded 401ks. If there is matching with delayed vesting the matching amount has to be funded from the start.

And they should allow health savings accounts for anyone whether they have alternatives through work or not.


14 posted on 10/22/2018 1:17:44 PM PDT by DannyTN
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To: SeekAndFind

I think they should ban pensions for states and municipalities and instead go with fully funded 401ks. If there is matching with delayed vesting the matching amount has to be funded from the start.

And they should allow health savings accounts for anyone whether they have alternatives through work or not.


15 posted on 10/22/2018 1:17:45 PM PDT by DannyTN
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To: Steely Tom

We avoid talking about it, but, I suspect that there are NOT that many conservatives. :(

But, you can tell the ones who are. They tend to be much happier with their work than the leftist.

For the most part, I am glad to be getting out soon. (mainly because I work to live, not, live to work and we are heading out to sea as soon as we can after)


16 posted on 10/22/2018 1:18:33 PM PDT by Conan the Librarian (The Best in Life is to crush my enemies, see them driven before me, and the Dewey Decimal System)
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To: SeekAndFind

Nobody could see this coming. 15 years ago.


17 posted on 10/22/2018 1:27:56 PM PDT by Attention Surplus Disorder (Apoplectic is where we want them)
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To: DannyTN

Agreed. They should be funding their own pensions. I could see kicking in something from the state or muni’s or schools like 10% of the salary per year as a cap and that’s only after being vested. Even that’s being generous in the real world.


18 posted on 10/22/2018 1:30:32 PM PDT by b4its2late (A Liberal is a person who will give away everything he doesn't own.)
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To: b4its2late

I don’t really have a problem with where the funding comes from, just the timing. In other words, it’s okay for state and municipalities to fund retirements, but they have to do it immediately, not make it an unfunded burden in the future.

And maybe there should be a law ob timing as well that increases in retirement funding can’t go into effect until one year after then next election. Have to be public noticed. And are repealable by the incoming legislature.


19 posted on 10/22/2018 1:59:09 PM PDT by DannyTN
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To: b4its2late

I don’t really have a problem with where the funding comes from, just the timing. In other words, it’s okay for state and municipalities to fund retirements, but they have to do it immediately, not make it an unfunded burden in the future.

And maybe there should be a law ob timing as well that increases in retirement funding can’t go into effect until one year after then next election. Have to be public noticed. And are repealable by the incoming legislature.


20 posted on 10/22/2018 1:59:09 PM PDT by DannyTN
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