Pension costs ‘crowding out’ spending on parks, schools and social services, report says

Discussion in 'Current Events' started by Professor Peabody, Oct 7, 2017.

  1. Deckel

    Deckel Well-Known Member Past Donor

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    Then you acknowledge your argument is lost. Here is a clue, most of the people who make the real sacrifices and carry out the real extraordinary stuff don't get full pensions.
     
  2. HB Surfer

    HB Surfer Well-Known Member Past Donor

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    Yep.

    The leftists (Democrats) in office made deal with the leftists (Public Unions) on the tax payers' money and here we are today. They gave themselves fat salaries, pensions, medical, holiday deals, and more at taxpayer expense.
     
  3. Mac-7

    Mac-7 Well-Known Member

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    I don't think only soldiers who die make extraordinary sacrafices for the country
     
  4. TomFitz

    TomFitz Banned Donor

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    The difference is, what do we do about it.

    Make sure everyone has the same advantages.

    Or continue to tell people to settle for less?
     
  5. Deckel

    Deckel Well-Known Member Past Donor

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    I didn't say only the ones who died. less than 20% make it 20 years, most getting out before 10.
     
  6. Mac-7

    Mac-7 Well-Known Member

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    In our case Detente didnt last very long

    I think if government cannot afford unlimited benefits with no strings attached neither can the private sector
     
  7. Mac-7

    Mac-7 Well-Known Member

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    They don't get a retirement pension other than SS
     
    Last edited: Oct 8, 2017
  8. Deckel

    Deckel Well-Known Member Past Donor

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    Technically not always true but that is the point I was making. Most of those who serve never even get a military version of a pension period.
     
  9. Old Man Fred

    Old Man Fred Well-Known Member

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    Firing employees doesn't eliminate pension obligations. With the exemption of actual criminal misconduct within the realm of your professional duties, you're eligible to collect a pension after 5 years.
     
  10. Old Man Fred

    Old Man Fred Well-Known Member

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    I did 8 years in the Corps. I left because I refused to be managed by those who couldn't read.
     
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  11. Zorro

    Zorro Well-Known Member

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    Unfunded obligations are a real problem.

    I think that it may be seriously doubted that these obligations will ever be met.
     
  12. WillReadmore

    WillReadmore Well-Known Member

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    I don't see any change.

    Public sector employers have always found it easier to create competitive compensation packages by offering future dollars rather than the current dollars that tax payers aren't willing to provide.

    Education is a great example.

    Over and over again, public sector employers have attempted to woo people to public education by offering benefits rather than salary - better retirement, special tax deductions, shorter period before retirement, etc., etc.

    They're ready to offer just about ANY kind of compensation improvement before they will offer better salary. And, the reason is that salary has to be accounted for in the budget of today, not in the future.


    Comparing the retirement packages of employees in two different businesses (public OR private) and calling one of them "too much" makes no sense.

    And, having officials sign offers of better retirement and then taking it away really should be a criminal offense.
     
  13. tharock220

    tharock220 Well-Known Member

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    My company begins nudging employees towards the door in their mid to late 50's. We also get a pension. The difference is it can't force customers to provide the funds to fund retirement benefits through the threat of prison.

    Pensioners in several US cities have already gotten the shaft, I'm not sure if I should laugh at them for thinking they could draw their salary as a retiree for longer than they worked or feel sympathy.
     
  14. WillReadmore

    WillReadmore Well-Known Member

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    I think you should read up on how employment contracts work.

    If some employer decides to break an employment contract, my view is that they should be taken to court.

    If you want to laugh at the government officials who offered those contracts, hey, I'll do more than that!

    We should not be competing for employees by offering future dollars as a way of avoiding the limits of budgets passed by legislative bodies and/or voted on by the people.
     
  15. Denizen

    Denizen Well-Known Member

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    Get real Peabody. $8.5 billion to $17.3 billion is chump change in a US economy with a GDP of $ 18+ Trillion. It's less than 0.1%.
     
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  16. Mac-7

    Mac-7 Well-Known Member

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    Ok but that seems like a pointless point to me

    We were talking about allowing government workers to retire after only 20 years service before 65

    Which is not a problem with military who do not stay 20 years
     
  17. FreshAir

    FreshAir Well-Known Member Past Donor

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    the rights hue tax cuts for the rich mean less money for the working class and other projects that benefit everyone

    what is the rights answer to all this... more tax cuts for the rich
     
  18. FreshAir

    FreshAir Well-Known Member Past Donor

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    the rules are the rules, you can't changed the rules after someone has followed them

    you can change them going forward, not retroactively

    how about we close the tax loopholes for the rich and tax them retroactively, woudl the right support that? then why do the same to the working class?
     
    Last edited: Oct 9, 2017
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  19. Deckel

    Deckel Well-Known Member Past Donor

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    There are a few places around town that do the same thing and our local government is notorious for it once you cross the 50's because they want you to take the lump sum payout because it saves them money on both the pension and health insurance costs and gets you off their books for good.
     
    Last edited: Oct 9, 2017
  20. ButterBalls

    ButterBalls Well-Known Member

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    Letting them secede would actually be a good thing, all kidding aside!
     
  21. ButterBalls

    ButterBalls Well-Known Member

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    This country is way beyond scalping the rich to save it's debt problem, there's not enough combined wealth via the rich to even stave off these problem over the next five years.. Time to concentrate on economic growth, getting slackers back in the work force and paying tax's again!
     
  22. Aphotic

    Aphotic Banned

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    I don't agree with 401k's because the right works to deregulate so that they are essentially worthless.

    However, "average" salary ought to exempt OT and this wouldn't be an issue. There's no reason that OT should be included in that calculation.

    401k's are just a rightist scapegoat and gives ENTIRELY too much authority to rich bankers on wall st.
     
  23. ocean515

    ocean515 Well-Known Member Past Donor

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    I just have a couple years left here in California to wrap up by business and then the wife and family will be gone, and they can arm the border, I will be out, never to return.

    California is doomed. It's failure will be spectacular, and it will likely bring down the Nation, given it's size. And it will be exclusively the fault of liberal/socialist progressives. My hope is when it fails, Progressivism is eliminated from the face of the earth.
     
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  24. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    If there's no money then there's no money, they can sue but it didn't work in Detroit. They'll just have to ask the new union members to fund the old union members outragious pensions where they gamed the system. Convert them all to 401(k)'s.

    This is fabulous. I just can't wait till it happens in California..........

    It's either take less or.......or the above.
     
  25. Professor Peabody

    Professor Peabody Well-Known Member Past Donor

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    Too bad there just isn't any money to fund the pensions, so take less or get nothing.....pick one.
     

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