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Pensions are a thing of the past. Should eliminate them entirely.
Also libraries and public parks. It's time to start innovating the shit out of this country.
Pensions are a thing of the past. Should eliminate them entirely.
I bet the Judge that rendered the decision will get his pension.
If the State of Illinois adopts this ruling/line of logic, which by all appearances it won't, they could rescind literal billions in pensions.
But, to be frank, state legislatures have gotten away with near robbery on issuing unsustainable state pensions, Illinois most notably. Illinois' state pensions for cops and prison guards are absolutely insane, where some employees receive 80% of their final salary for the rest of their lives.
Meh, depending on the tailoring of the ruling, this may be melodramatic.
It’s beyond even that. So Mary Lisi was the Democrat district judge while initially ruled in favor of the democrat RI government’s plan. The union then appealed to the 1st circuit court and went before a panel of three judges - two of whom are Obama appointees! The entire narrative that this was in any way a consequence of voting republican (or its inverse, that voting democrat is any sort of defense against this type of ruling) is total garbage. Whether you agree or disagree with the ruling, every facet of this story is owned by Democrats.
You bring it up the more intellectually dishonest will pull the "two wrongs don't make a right" shit and not engage past that.Funny how nobody wants to talk about this anymore now.
There's a lot of exploitation of the system. Exaggerated overtime and a building up of hours/salary in the final years to maximize their retirement payments. Everyone involved is guilty of abusing the system.This is super fucked up. It's like your company saying well we said we would pay you a wage, but we don't want to.
this is ridiculous, if you signed a contract of employment w/ those benefits in place they should be honored
it's literally the main reason coupled w/ job security people choose public sector employment (as a Federal Employee i feel like i can say this a degree of certainty).
If this trend continues, along w/ lack of Union Strength in the private sector, SS reserves running out, and the average 401k having a loan against it currently......a Modest Proposal type solution by some crazy politician isn't far off in like twenty years (i wanna say the Japanese PM literally said he wished the old people would just hurry up and die like two years ago, to clear up their welfare system) . Not like HC costs are shrinking or people are living for only 50 years.
We either need to seriously rethink A) how we're gonna fund all of our retirements ( our generations, not necessarily us individually) or B) how much we truly value the elderly
the status quo isn't working
i agree, which is why i added the 'how much do they care about the elderly part?'There is a basic issue, if people don't want to pay taxes, you can't fund these things. You already head several issues on the head. Lower growth rates, longer life spans. Constantly increasing spending in other areas.
There is no world where people can have a functioning fully funded pension system a la Social Security and an aversion to taxes.
i agree, which is why i added the 'how much do they care about the elderly part?'
as sad as it is, in the US, i see people saying 'screw them' before they want to raise taxes. Too many live paycheck to paycheck or with little savings to likely really comprehend how much that will help them, and others are just well greedy or let's say used to a certain lifestyle
It works in the EU and other places (high taxes, better SW systems) b/c they've been in place essentially since the rebuilding after WWII it's all generations have known. At least IMO
We could probably simply switch to EU levels of VAT for our sales tax, and think of how much funding that would provide for state medical programs and education.....having lived in the EU though, i know i don't want to personally pay 19-24% or whatnot
and perhaps their parents had jobs w/ better pensions or unions that had some retirement packageThe U.S. has a fascinating relationship with Europe in these issues. We hold up so many European social aspects as worthy of emulation...except for how Europe pays for it.
But, in accordance with your position, I think most Americans who are against higher taxes for social benefits simply have no idea how difficult life gets for the elderly and, since they're not elderly yet, they don't care.
Not saying it is a good thing, just reality.I only make 32k a year right now.
I'll keep my pension where the county matches the 15% I put in every check thanks.
the county matches 15%? what in the literal F?
generally i've only ever seen a 5% match, including my employer the DoD