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To: JPJones
Yep. Little or no sympathy from me. They used their political clout and unions to raise pensions to unsustainable levels. Now that the worm has turned, they should be needs tested to see just how much of that pension they really need.

They are always yapping about how the "rich" can afford to pay more taxes. Well, they are pension rich and can afford to take less pensions.

15 posted on 05/13/2016 7:16:28 AM PDT by Vigilanteman (ObaMao: Fake America, Fake Messiah, Fake Black man. How many fakes can you fit into one Zer0?)
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To: Vigilanteman

I say eliminate the pensions, liquidate them and put the money in each public workers newly formed 401K account

The government can contribute and so can the employee as well or the government can do a matching funds kind of deal.

This way it is all budgeted and the money is in the control of the retiree, not corrupt government insiders using the funds as their personal piggy banks


19 posted on 05/13/2016 7:25:37 AM PDT by arl295
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