Skip to comments.
The Pension Rate-of-Return Fantasy (Sadly, the only thing left is to cut retiree payouts)
Wall Street Journal ^
| 04/10/2013
| Andy Kessler
Posted on 04/10/2013 6:22:33 AM PDT by SeekAndFind
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-22 last
To: barefoot_hiker
Dunno. Seems like if someone sells back $30K worth of leave x 90% (public safety pension), thats an additional $27K per year of pension for life. That increment is larger than the entire annual pension many private sector works end up getting. Normally what happens with sick leave and vacation payouts is one can take the cash up front when retiring or add it to the pension annuity. In the case of your $30K example, it would increase their pension a couple hundred dollars a month.
21
posted on
04/11/2013 5:37:54 PM PDT
by
EVO X
To: barefoot_hiker
Even the military has a use or lose rule, and under those rules you’re charged for Saturdays & Sundays.
22
posted on
04/21/2013 7:14:54 PM PDT
by
MSF BU
(n)
Navigation: use the links below to view more comments.
first previous 1-20, 21-22 last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson