To: fwdude
Seem to remember a story about the city of Houston and their public employees opting out of the SS system and investing instead. As I recall, the employees did YUGELY better and would all be very well off when it came time to retire. Way better than a SS check. Anybody recall that?
3 posted on
11/23/2016 9:58:50 AM PST by
rktman
(Enlisted in the Navy in '67 to protect folks rights to strip my rights. WTH?!)
To: rktman
IIRC, the city you’re thinking of is Galveston.
8 posted on
11/23/2016 10:04:54 AM PST by
Night Hides Not
(Remember the Alamo! Remember Goliad! Remember Gonzales! Come and Take It!)
To: rktman
I think you mean the city of Galveston. That is what they did.Nit sure about Houston
12 posted on
11/23/2016 10:24:27 AM PST by
RWGinger
(Does anyone else really)
To: rktman
A lot of cities opt out of social security for a public retirement system. Texas has several.
16 posted on
11/23/2016 10:55:53 AM PST by
fwdude
(Stronger, To Get Her)
To: rktman
Seem to remember a story about the city of Houston and their public employees opting out of the SS system and investing instead. As I recall, the employees did YUGELY better and would all be very well off when it came time to retire. Way better than a SS check. Anybody recall that? That was Galveston, and yes, they did extremely well.
24 posted on
11/23/2016 11:39:39 AM PST by
zeugma
(I'm going to get fat from all this schadenfreude)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson