>>Dump the gov pensions. Let them eat cake on social security with the rest of us.<<
They do. FWIU, there are no current classes of taxpayer exempt from SS.
However, many have pensions in addition to SS. The problem is the formulas for those pensions can be ridiculous and unsustainable. I think that he government should transition to 503(b) for all workers.
I get a modest pension from California - I paid into it and it isn’t based on a crazy formula. California’s problem is it just had and has too damn many employees and also allows double-dipping (people who retire and then also work as employees while getting the retirement $).
But when you look at the Dallas police pension that GUARANTEES 8% growth per year if you leave the $ in, that is insane.
these people have gouged the system and the should make up for it....
with their high wages, they get the top SS rate as well....