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To: bert

Virginia changed their pension plan to make employees kick in 5%. It was actually a very smart move because it basically matches the ROI and the state gets to pocket the money that employees “lose” if they leave within 5 years. “Lose” means they get taxed heavily for the refund, like cashing in a 401k.


29 posted on 04/18/2018 7:08:12 AM PDT by AppyPappy (Don't mistake your dorm political discussions with the desires of the nation)
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To: AppyPappy

Ok,Ok, some change is in fact possible.

I would argue though that in states where the problem s ginormous, the Virginia solution would not be of much help


41 posted on 04/18/2018 7:53:08 AM PDT by bert (RE)
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