To: Quicksilver
I agree about Social Security, but most state pension systems are not the answer. They happen to be bankrupting a large percentage of the states. They are a large part of the problem.
With the state pension system we have two societies, those who retire with full wages and benefits in their fifties and those in the private sector that work till they are 67 to pay for their betters who happened to be lucky enough to get a job in the government.
52 posted on
12/16/2011 11:35:07 PM PST by
Jim from C-Town
(The government is rarely benevolent, often malevolent and never benign!)
To: Jim from C-Town
Except the funds from the ERS don't come from the taxpayer.
That's from a trust paid into by employees.
And on their web page, they say that when it's over, it's over. The state isn't obligated. The state is just managing it.
/johnny
To: Jim from C-Town
My opinion is that it is the states that are responsible for fixing their own retirement programs. Looks like Texas’s ERS is a pretty well managed retirement program, an example of how it should be.
66 posted on
12/16/2011 11:49:24 PM PST by
Quicksilver
(nominate Rick Perry - defeat Obama - overhaul Washington!)
To: Jim from C-Town
Texas is not Bankrupt.
We are thriving.
119 posted on
12/17/2011 12:44:13 PM PST by
mylife
(The Roar Of The Masses Could Be Farts)
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