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Across the nation, pension funds are coming up short
Sacramento Bee ^
| 6/24/12
| Jon Ortiz
Posted on 06/24/2012 3:11:07 PM PDT by SmithL
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1
posted on
06/24/2012 3:11:11 PM PDT
by
SmithL
To: SmithL
Well, the solution is obvious. Increase taxes./s
2
posted on
06/24/2012 3:19:24 PM PDT
by
Signalman
( November, 2012-The End of an Error)
To: SmithL
I heard these liabilities were approaching $900 billion for California alone.
3
posted on
06/24/2012 3:21:54 PM PDT
by
4Liberty
(88% of Americans are NON-UNION. We value honest, peaceful Free trade-NOT protectionist CARTELS)
To: SmithL
Looks to me like those stingy 1%’ers just aren't paying their fair share. /s
It takes brotherly caring financially to support a communist state.
4
posted on
06/24/2012 3:30:17 PM PDT
by
EGPWS
(Trust in God, question everyone else)
To: Signalman
But OF COURSE! Why didn’t I think of that? The solution is so obvious, raise taxes. How simple could that be so that we citizens can pay for the public servants gold plated health care programs and pensions?
Of course, we’ll just turn right back around and raise our wages won’t we? That will allow us to be super competitive in the world markets won’t it.
Sarcasm off pissed off back on.
5
posted on
06/24/2012 3:36:02 PM PDT
by
Sequoyah101
(You've been screwed by your government.)
To: Sequoyah101
And another thing... they, the public sector, think they have paid in to their retirement benefits adequately...not a chance.
They haven’t a clue about what an actuarial table, sinking fund or annuity is. They live on the public care tit and suck it dry. At the same time they bludgeon the cow with rules and regulations.
6
posted on
06/24/2012 3:39:12 PM PDT
by
Sequoyah101
(You've been screwed by your government.)
To: SmithL
Obviously, social security or any retirement program should never be privatized. Government knows best how their money er your money should be invested.
To: SmithL
Obviously, social security or any retirement program should never be privatized. Government knows best how their money er your money should be invested.
To: SmithL
Obviously, social security or any retirement program should never be privatized. Government knows best how their money er your money should be invested.
To: SmithL
So much for retirement. I work for the railroad, and our retirement is completely separate from social security (it actually pre-dates it, so the feds left it alone, until recently). We pay into our own pension fund at a higher rate than SS, around 11% off the top of our paychecks. There is no employer match, and the plan is fully funded by the railroad employees. This system worked just fine for 80 or so years until paul ryan and congess decided that they couldn’t have a competitor to the SS piggy bank. They’re dicating to us when we can retire, how much we can receive, and how much they want to put back into government control through SS. If this happens, your 401k, IRA’s, and other retirement plans will be up for grabs by the feds. If the feds can break a contract with the railroad, they can break any contract they want with impunity.
10
posted on
06/24/2012 3:41:50 PM PDT
by
factoryrat
(We are the producers, the creators. Grow it, mine it, build it.)
To: SmithL
So much for retirement. I work for the railroad, and our retirement is completely separate from social security (it actually pre-dates it, so the feds left it alone, until recently). We pay into our own pension fund at a higher rate than SS, around 11% off the top of our paychecks. There is no employer match, and the plan is fully funded by the railroad employees. This system worked just fine for 80 or so years until paul ryan and congess decided that they couldn’t have a competitor to the SS piggy bank. They’re dicating to us when we can retire, how much we can receive, and how much they want to put back into government control through SS. If this happens, your 401k, IRA’s, and other retirement plans will be up for grabs by the feds. If the feds can break a contract with the railroad, they can break any contract they want with impunity.
11
posted on
06/24/2012 3:49:26 PM PDT
by
factoryrat
(We are the producers, the creators. Grow it, mine it, build it.)
To: SmithL
So much for retirement. I work for the railroad, and our retirement is completely separate from social security (it actually pre-dates it, so the feds left it alone, until recently). We pay into our own pension fund at a higher rate than SS, around 11% off the top of our paychecks. There is no employer match, and the plan is fully funded by the railroad employees. This system worked just fine for 80 or so years until paul ryan and congess decided that they couldn’t have a competitor to the SS piggy bank. They’re dicating to us when we can retire, how much we can receive, and how much they want to put back into government control through SS. If this happens, your 401k, IRA’s, and other retirement plans will be up for grabs by the feds. If the feds can break a contract with the railroad, they can break any contract they want with impunity.
12
posted on
06/24/2012 3:49:39 PM PDT
by
factoryrat
(We are the producers, the creators. Grow it, mine it, build it.)
To: SmithL
So much for retirement. I work for the railroad, and our retirement is completely separate from social security (it actually pre-dates it, so the feds left it alone, until recently). We pay into our own pension fund at a higher rate than SS, around 11% off the top of our paychecks. There is no employer match, and the plan is fully funded by the railroad employees. This system worked just fine for 80 or so years until paul ryan and congess decided that they couldn’t have a competitor to the SS piggy bank. They’re dicating to us when we can retire, how much we can receive, and how much they want to put back into government control through SS. If this happens, your 401k, IRA’s, and other retirement plans will be up for grabs by the feds. If the feds can break a contract with the railroad, they can break any contract they want with impunity.
13
posted on
06/24/2012 3:50:07 PM PDT
by
factoryrat
(We are the producers, the creators. Grow it, mine it, build it.)
To: SmithL
So much for retirement. I work for the railroad, and our retirement is completely separate from social security (it actually pre-dates it, so the feds left it alone, until recently). We pay into our own pension fund at a higher rate than SS, around 11% off the top of our paychecks. There is no employer match, and the plan is fully funded by the railroad employees. This system worked just fine for 80 or so years until paul ryan and Congress decided that they couldn't have a competitor to the SS piggy bank. They're dictating to us when we can retire, how much we can receive, and how much they want to put back into government control through SS. If this happens, your 401k, IRA’s, and other retirement plans will be up for grabs by the feds. If the feds can break a contract with the railroad, they can break any contract they want with impunity.
14
posted on
06/24/2012 3:52:34 PM PDT
by
factoryrat
(We are the producers, the creators. Grow it, mine it, build it.)
To: SmithL
So much for retirement. I work for the railroad, and our retirement is completely separate from social security (it actually pre-dates it, so the feds left it alone, until recently). We pay into our own pension fund at a higher rate than SS, around 11% off the top of our paychecks. There is no employer match, and the plan is fully funded by the railroad employees. This system worked just fine for 80 or so years until paul ryan and Congress decided that they couldn't have a competitor to the SS piggy bank. They're dictating to us when we can retire, how much we can receive, and how much they want to put back into government control through SS. If this happens, your 401k, IRA’s, and other retirement plans will be up for grabs by the feds. If the feds can break a contract with the railroad, they can break any contract they want with impunity.
15
posted on
06/24/2012 3:52:54 PM PDT
by
factoryrat
(We are the producers, the creators. Grow it, mine it, build it.)
To: SmithL
So much for retirement. I work for the railroad, and our retirement is completely separate from social security (it actually pre-dates it, so the feds left it alone, until recently). We pay into our own pension fund at a higher rate than SS, around 11% off the top of our paychecks. There is no employer match, and the plan is fully funded by the railroad employees. This system worked just fine for 80 or so years until paul ryan and Congress decided that they couldn't have a competitor to the SS piggy bank. They're dictating to us when we can retire, how much we can receive, and how much they want to put back into government control through SS. If this happens, your 401k, IRA’s, and other retirement plans will be up for grabs by the feds. If the feds can break a contract with the railroad, they can break any contract they want with impunity.
16
posted on
06/24/2012 3:53:32 PM PDT
by
factoryrat
(We are the producers, the creators. Grow it, mine it, build it.)
To: factoryrat
And to think I felt bad about the triple post!!
To: johniegrad
Having serious problems with my connection, I apologize for the scattershot reply.
18
posted on
06/24/2012 3:58:18 PM PDT
by
factoryrat
(We are the producers, the creators. Grow it, mine it, build it.)
To: SmithL
Interesting to see New York State in a surprisingly strong position on that graphic. For all the justifiable criticism of New York as a leftist "blue" state, it actually has a well-managed pension system under the state comptroller's office.
Future retiree medical insurance costs are another matter entirely, though. I understand New York is in terrible shape on that front.
19
posted on
06/24/2012 4:00:36 PM PDT
by
Alberta's Child
("If you touch my junk, I'm gonna have you arrested.")
To: SmithL
Interesting to see New York State in a surprisingly strong position on that graphic. For all the justifiable criticism of New York as a leftist "blue" state, it actually has a well-managed pension system under the state comptroller's office.
Future retiree medical insurance costs are another matter entirely, though. I understand New York is in terrible shape on that front.
20
posted on
06/24/2012 4:01:16 PM PDT
by
Alberta's Child
("If you touch my junk, I'm gonna have you arrested.")
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