"employer matching"?. Excuse me but that is still myself and others in the private sector paying for their retirement
Even the employee "contributions" are payed by.....you guessed it, the private sector! And here is something no one talks about. Government employees don't pay ANY taxes, ever! The source of a government workers entire paycheck COMES FROM TAXES, therefore it's impossible for them to PAY them. They are simply handing back some of the money that was taken from the private sector in the first place.
Government workers have NOT earned these pensions. The money is simply being taken from those in the private sector that have earned and produced wealth.
Massive numbers of government "workers" is why this country is broke.
I don't mean this on a personal level for anyone but this IS the truth.
If you view the federal employee as not really paying any taxes, then what about the private sector recipients of federal funds such as the defense industry, contractors, consultants, etc.? Or the doctors who receive Medicare and medicaid payments? Or the supermarkerts that cash in the receipts from 46 miullion food stamp recipients? The government controls close to 50% of our economy. The $3.5 trillion annual federal budget is paying for more than just federal employee salaries and benefits. And ditto for state and local governments. The line between the public and private sectors is somewhat blurred. It is called crony capitalism.
You have no idea what you’re talking about.