[Ann Archy]

STOP THE PENSIONS!!! ROLL BACK PAYROLL!!

[rockvillem]

This part from the article tells you all you need to know about how out of control it has been:

Since 2000, federal pay and benefits have increased 3 percent annually above inflation, compared with 0.8 percent for private sector workers, according to data cited by the newspaper.

3 percent real annual growth compounded over 10 years. Sick.

[glm]

Ronald Reagan changed the Fed Govt. pension plans. It stopped being an annuity (read taxpayer pays all of it) to one that combined social security with a 401(k)-type program. Just like a big business, the employee pays social security and contributes to financial funds (like Wilshire 500). The Fed Gov matches up to a certain amount.

So to say stop the pensions you are saying stop social security in essence. Is this what you mean? How will that affect you?

[csmusaret]

That is exactly what Obama is preventing with his freeze-pay cuts.

[TexasFreeper2009]

It’s a good start.

But the next thing he needs to do is cut congresses salary by 80% and end their medical and retirement plans along with all non security related government employees.