Libertarian ping
That was gambling.
I could have gone to Atlantic City or Las Vegas and probably done as well.
But, the American people thought this was a good thing, and put their hard earned dollars into it.
If anyone is still pouring a huge portion of their income into stocks and T-bills, you have lost your mind.
Social Security, Medicare and now Pensions.
BOHICA
Believe me when I say this. The money to save jobs for state teachers and first responders which will be voted in on 8/10/10 will go to fund state pensions.
I’m ready for the fight!!! These PENSIONS are RIDICULOUS!! THEY ARE UNSUSTAINABLE!!!!
later
There's one of the main problems right there.
Retirement age should be raised to 70, especially in light of the fact that today's life expectancy is so high.
What's a retired person at 58 gonna do for the next 30 years of their life...mope around the house? Likely most would be happier working. And, if not, they need to plan special arrangements for themselves.
“I see two Americas...”
Gary Justus, one of the lead plantiffs in the suit, retired at age 55!
“If you find the argument of Colorado’s retirees wanting, let your local legislator know that you don’t want to be responsible for every last dollar necessary to cover pension guarantees gone horribly awry. After all, many government employee unions will be taking contrary positions and doing so rather loudly.
If you work for a state or local government, start saving money outside of the pension plan if you haven’t already, because that plan may not last for as long as you need it.
And if you’re a government retiree or getting close to the end of your career? Consider what it means to be a citizen in a community. And what it means to be civil instead of litigious, coming to the table and making a compromise before politicians shove it down your throat and you feel compelled to challenge them to a courthouse brawl.
“We have to do what unions call givebacks,” said Mr. Lamm, the former Colorado governor. “That’s the only way to sanity. Any other alternative, therein lies dragons.””
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To read this coming from the NYT of all sources, one may well take it to be an official communique.
I’m one of those who decided early in life to work for the public sector. I started at 23 years old and have been paying into my retirement plan for 30 years.
Now, because of the crap that is happening I’m supposed to feel guilty because the whiners didn’t plan as well as I did 30 years ago?
Screw all you aholes!!!
What the Hell did we have to say about it when the Freakin Unions got all this Crap put into place in the First Place .
Government Unions should be Banned ,If you work for the Government you are a Government SERVANT, If As we are told you are SACRIFICING then SACRIFICE ,you dont get to rip off the Owners,you want to work for the Government you are supposed to get paid LESS than the Private sector not double what the private sector gets ,STOP LYING to the American Public,you should all be Fired and your Pensions forfeited to the Social security fund and you will henceforth receive your checks from there
just curious - Should military pensions be at risk too?
I’ll have 25 years of service when I retire. I’ve deployed 3 times and will most likely go again. I’ve risked my life, been shot at, been separated from my family for countless months etc. Did I earn my 50% of base pay for life after I hang it up?
Don’t forget the double-dippers! Those who are collecting pension checks and being a paid consultant.
LOL. This idiot at the NY Times is just discovering this problem now? How stupid are these people?