Posted on 10/22/2018 12:48:55 PM PDT by SeekAndFind
About 98% of my “pension” will be funded by my personal savings. No half by public funds. No public funds have paid for my health, dental, or vision insurance over 40-some years, either.
Have never gotten any “cost of living” raises or raises based on “time in service”, “market adjustments” or additional degree hours.
I have never worked anywhere that didn’t expect me to show up for work for about 240 days per year, after holidays and “vacation”.
I hope and pray that I am not asked to pay more propping up the “underfunded public employee pension plans”, or I will be living in a refrigerator box under a bridge.
“But if any of them were intelligent enough to understand this, theyd be Republicans by now.”
I hope that was a typo, and you meant “Conservatives by now”.
To be honest, this entire thread and every single other thread on the topic belongs in chat.
No exceptions.
In the nineteen sixties and nineteen seventies the topic of unfunded pensions was debated ad nauseam in the Tulsa World (democrat morning paper) and in the Tulsa Tribune (republican evening paper) and people either fell into the camp of “this will eventually crash and burn” or “by the time this is a problem a new source of money will magically appear”. The folks who took the latter position really meant that they would be long dead or at least out of office when the crash came.
Here we are.
Water is wet.
The sun rises in the east.
Things not paid for collapse.
All of which are proper topics for chat, and not one of which is in any way, shape, or form news.
No public funds have paid for my health, dental, or vision insurance over 40-some years, either.
I did (but not always) get a bump up in salary for time served, but finally reached the top of the salary schedule and got no more raises. I could have made more had I pursued a master’s degree, but I saw no improvement the teaching abilities of those did.
I too, hope you aren’t “asked” (they won’t ask, they’ll demand) to pay more to prop up failing pensions plans. My hope is both selfish and altruistic. Some states are in big messes. Illinois, about 5 miles from me is one.
Very glad my pension and health insurance are covered by the federal government, not a state or local government.
If the Fed raises interest rates, a big chunk of the pension crisis will go away. Low yields are a major component.
The govt workers....all of them...know it’s a RIP off of tax payers and UNDESERVED on their part but what do they care..they can retire late 40’s or early 50’s.
RE: To be honest, this entire thread
And every single other thread on this topic belongs in chat.
It IS in the chat forum.
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