Posted on 11/14/2014 5:09:18 PM PST by mdittmar
Worked for a research lab funded and run by DOE. We could make our own compensation packages to attract the best scientists and engineers to the lab. Life time health insurance coverage after age 55 with minimum 10 years service.
In other words, your benefits were so good that you could retire.
Spekaing as a taxpayer, that sucks, but as an FRiend, I’m happy for you and understand why you could/did do it.
That’s about it. Like I said in an earlier post, I worked first in private industry which must make a profit to survive, and then a government funded agency where the goal is to get as much funding from government as possible and then spend every dime of it or you might get less funds next year. The difference in attitudes was striking.
I meant “difficulty of the courses or the TEST (not text)”.
I believe the article says he was electd in 2010 - so the answer would appear to be NO.
“It’s important to note that a pension is delayed payment for work already done, a condition for taking a job. It’s the employee’s money withheld and invested by the employer to be paid at the employee’s retirement when he/she can no longer work. If the employer cuts the employee’s pension, that means the employer has either embezzled or misspent the employee’s money. The employer is engaging in theft. The same is true for health care.”
When your employee is the Federal Government you ain’t got no right to be surprises when or if they misspend or embezzle any such money.
This is after all a routeen function of Washington.
As for the employer taking your money and investing it for you thing, like any other investment it implicitly rely upon your faith in the employer and is really only ever preferable over say 3rd party options for tax(government) reasons. Not everyone after all has perfect confident in their bosses.
Just a small part of the bigger picture. Less than 1/3 of workers are preparing financially for retirement. As the population ages, where will retirement money come from? Nowhere is where. We are looking at national bankruptcy and a sinking to a subsistence level for most older people. This, in turn, means an ever more radical Democrat Party permanently in charge.
In light of this, you are going to LOVE an idea I’ve just prepped for posting. FRegards ....
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