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The next financial hammer to fall: Public pension funds
https://thehill.com ^ | 06/28/22 | BY MERRILL MATTHEWS

Posted on 06/29/2022 9:36:26 AM PDT by RomanSoldier19

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To: Wally_Kalbacken

In this state state employees promote each other to the top of the scale during their last 3 years of work so they max out retirement bennies. And hire on former state workers so their Healthcare is covered during retirement.


41 posted on 06/29/2022 10:36:44 AM PDT by Chickensoup ( Leftists totalitarian fascists are eradicating conservatives. Leftists are genocidal. )
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To: RomanSoldier19

Are you saying we should all be on the same socialized retirement? What about military retirees? Should they not get their retirement and lifelong Tri-care plus SS after only working 20 years? Should they only get SS?

And police, fire, etc., what abot tgem?


42 posted on 06/29/2022 10:43:33 AM PDT by Dogbert41 (Blessed are the peace makers.)
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To: RomanSoldier19

Pols rustle up support by promising stuff to be paid for in the future. Of course, when the future comes, the people that made the promises are no longer around.

Next: Government employees demand the fund be bailed out, because they were “promised” them.

Uh, fellahs, I didn’t promise you anything.


43 posted on 06/29/2022 10:44:37 AM PDT by Fido969 (45 is Superman! )
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To: Brian Griffin

Agree!
I would prefer a revisit by the USSC of the decision Reynolds v. Sims. To me it violated
“ .... SECTION 4. The United States shall guarantee to every State in this Union a Republican Form of Government, ..... “

The state constitutions should reflect the republic structure of the federal constitution. Counties are analogous to states, 1 or 2 senators (preferably 1!) should come from each state county. They should not be just another version of the lower house.


44 posted on 06/29/2022 10:55:41 AM PDT by Reily
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To: NohSpinZone

How do you think Chicago escaped theirs... for now?


45 posted on 06/29/2022 11:00:52 AM PDT by Hildy
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To: NohSpinZone

Just what I was thinking & of course many of those taxpayers expected to help the bailout don’t even have a pension system. I’m sure that during my working days, some or much of my taxes went to help bail out some pension system. What did I end up with?............Social Security, no pension or any other retirement benefit.


46 posted on 06/29/2022 11:03:52 AM PDT by oldtech
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To: JesusIsLord

“ Cursing the pensioner is cursing the wrong person.”

I disagree. Anyone foolish enough to fall for the promises of politicians pretty much deserve whatever happens to them.

L


47 posted on 06/29/2022 11:04:00 AM PDT by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: Lurker
Anyone foolish enough to fall for the promises of politicians pretty much deserve whatever happens to them.

Your logic could also be applied to the promises (conrtactural terms and conditions) that apply to mortgages, bank loans, corporate and company in-general employment terms, marriage terms..... Where do we drawn the line on what is fungible because we decide we don't like the original terms and conditions? Do promises mean anything if they are broken anytime we think they should be?

A legal recourse that could address pension boondoggles is to pass a law that makes any government contribution to pensions illegal and only allow or require worker contributions for: 401Ks, Roth and Traditional IRAs. These changes will require that we vote 'pension reformers' into office.

48 posted on 06/29/2022 11:31:39 AM PDT by JesusIsLord
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To: JesusIsLord
>Cursing the pensioner is cursing the wrong person.

I also disagree. States often 'chose' to not fund their pensions, but rather to spend the funds on 'something else.' Often, at the urging of the pensioner's unions, it was spent on raising current wages for the unionized future pensioners. Most of the other 'somethings else' were increased spending leading to improved working conditions for said future pensioners or increasing welfare payouts to the political allies of future pensioners so as to maintain the power structure sustaining their gravy train. Studies show that while working unionized public employees are overpaid compared to comparable private industry workers. Haven't seen the stats for my Iowa for a couple years but for a long time before that I did and they were generally paid 30-40% higher than comparable private sector workers in Iowa. Surprisingly Iowa was usually the second worse (to KS IIRC) of the states. But the feds were worse yet, overpaying by 70% or more.

49 posted on 06/29/2022 11:34:49 AM PDT by JohnBovenmyer (Biden/Harris press events are called dodo ops)
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To: RomanSoldier19

that’s why Covid was released. to kill off the old people. they wanted it to save more in retirement costs.


50 posted on 06/29/2022 11:40:28 AM PDT by cableguymn
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To: cableguymn

that’s why Covid was released. to kill off the old people. they wanted it to save more in retirement costs.


And, why the $hots were formulated, as such.

Evil what the chicoms an oligarchs have brewed, for the masses :-(


51 posted on 06/29/2022 11:47:22 AM PDT by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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To: Jane Long

the problem is the jab is also killing off healthy working age people..

they wanted to keep the tax payers alive.


52 posted on 06/29/2022 11:48:48 AM PDT by cableguymn
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To: cableguymn

Yep. Either they miscalculated, or, they’re even more evil than we’ve imagined they could be.


53 posted on 06/29/2022 11:50:27 AM PDT by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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To: Jane Long

Government wanted grandpa and grandma dead.

Gates didn’t/doesn’t care who goes, he just wants depopulation.


54 posted on 06/29/2022 11:52:23 AM PDT by cableguymn
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To: cableguymn

Agree!!


55 posted on 06/29/2022 11:53:42 AM PDT by Jane Long (What we were told was a “conspiracy theory” in 2020 is now fact. 🙏🏻 Ps 33:12)
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To: ping jockey

We’re too new to our current area to cite history, but we were very pleased to see our county consolidate departments, not replace retirees and lower the mil rate. Today we realized they have rerouted the trash collections so as to use less fuel and avoid overtime (it is now tourist season, so the work increases, as do the routes).

The local newspaper is independent of the big syndicates and totally locally owned.

Several attempts by woke organizations in Madison, seeking a tentacle-hold by acquiring land for *summer retreats for underprivileged youth* have been turned down, as have Federal/State grants aimed similarly.

We investigated as much as possible before moving and this area is over 75% Trump supporters. One lefty, when we told her where we were moving, said:”But there’s nothing there. They are all Republican”.

Yes, yes. ;)


56 posted on 06/29/2022 11:58:11 AM PDT by reformedliberal (Make yourself less available.)
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To: RomanSoldier19

There will be lawsuits and and those cases would be heard by judges who get public pensions- game over.


57 posted on 06/29/2022 12:04:58 PM PDT by Mark (Celebrities... is there anything they do not know? Homer Simpson)
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To: JohnBovenmyer
In addition to the government pension issue, you have pointed out the unfairness of 'overpaying' government workers. Possible solutions to these problems would be to pass laws that outlaw unions for government jobs and secondly, pass a law that makes any government contribution to pensions illegal and only allow or require worker contributions for: 401Ks, Roth and Traditional IRAs. These changes will require that we vote 'govt pension and union reformers' into office.

Can you recommend other solutions to address the excesses associated with government pensions and government union workers?

58 posted on 06/29/2022 12:07:34 PM PDT by JesusIsLord
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To: RomanSoldier19

California public employee pensions

Michel R Moore
DEPUTY CHIEF
Note: Pension includes one-time DROP payout of: $1,265,230.86
Pension: $1,483,028.77
Benefits: $22,521.57
Disability: $0.00
Total pension &
benefits amount: $1,505,550.34
Last Employer: POLICE
Years of Service 31.27
Year of Retirement 2013

Work for the government and become a millionaire


59 posted on 06/29/2022 12:12:37 PM PDT by artichokegrower
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To: mewzilla

yes


60 posted on 06/29/2022 12:17:01 PM PDT by RomanSoldier19 (Res ad Triarios venit)
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