[SmithL]

[Signalman]

Well, the solution is obvious. Increase taxes./s

[4Liberty]

I heard these liabilities were approaching $900 billion for California alone.

[EGPWS]

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.

[johniegrad]

Obviously, social security or any retirement program should never be privatized. Government knows best how their money er your money should be invested.

[johniegrad]

Obviously, social security or any retirement program should never be privatized. Government knows best how their money er your money should be invested.

[johniegrad]

Obviously, social security or any retirement program should never be privatized. Government knows best how their money er your money should be invested.

[factoryrat]

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.

[factoryrat]

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.

[factoryrat]

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.

[factoryrat]

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.

[factoryrat]

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.

[factoryrat]

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.

[factoryrat]

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.

[Alberta's Child]

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.

[Alberta's Child]

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.

[familyop]

Good. Starve the B.

Rasmussen Consumer Index-Consumer Confidence Falls to Lowest Level Since January
http://www.freerepublic.com/focus/f-chat/2898908/posts

The Limits of Fed Monetary Policy for “Affordable” Housing
http://www.freerepublic.com/focus/f-bloggers/2898925/posts

[<1/1,000,000th%]

Public sector pension funds.

It would be illegal for private sector pension funds to do this.

[bike800]

Just wondering....how much of these projected costs are due to obamacare....

[onedoug]

ping

[Poundstone]

Glad I’m a Federal retiree!