[teeman8r]

why is right...

i believe mccain said we had to allow them to gain their riches to prevent them from working sordidly to get rich... or something like that..

[scrabblehack]

I thought it was an incentive to get them to retire in the first place....it was probably in place before 1975, but the large freshman class got impatient waiting for committee chairmanships to open up...

[LjubivojeRadosavljevic]

Well, public employees have an advantage. They can work for twenty-years and then retire. I have observed this time and again in the University Systems; which recently used to work for. Specifically, I cringe when I see University administrators make hundreds of thousands of dollars per year in retirement monthly payouts – and that does not even include Social Security monthly payments.

On a personal note, I retired from my University after 20.5 years of service as a Professor. Note, I also worked in Administration e.g., Chair of my department, Associate Dean of my College, and as well as worked in Central Administration of the University at large; which raised my salary.

The objections I receive, is that I get “Well these people paid into the system and their entitled to the money that is owed to them.”

In finality, if you are an “average Joe or Jane” it is better getting a government job and you are better well taken of in terms of benefits e.g. Health and Dental insurance, Life Insurance, etc. And, that is sad to say, because, after all, we are supposed to live in a free-market economy.