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No, dear. I imagine by the time they get ready to retire, the politicians will have "privatized" (a new synonym for destroyed) govt. employee pensions as well. If they want to be sure of a huge undeserved grossly disproportional pension payment, they should run for Congress. You know, Congress has been sure to exempt itself from all pension plans overseen by govt. agencies.Wretched Wrench said:I read the article. I believe I am going to suggest that my kids change careers and seek government employment. That would seem to be the only way to be sure of a decent retirement.
I would just like them to have a pension, period. With the WalMart-ization of the American work scene, bankruptcies of convenience, and under funding of pension plans, I fear that ANY pension is a thing of the past for non-government employees.jimntx said:If they want to be sure of a huge undeserved grossly disproportional pension payment, they should run for Congress. You know, Congress has been sure to exempt itself from all pension plans overseen by govt. agencies.
The only way for them to be assured of a pension is to create it themselves. Start saving now and don't touch the money for any reason. My parents told me that after I gave 10% to the church, I should give 10% to myself. Then, I should pay ALL my bills in full, and anything left over was discretionary income.Wretched Wrench said:I would just like them to have a pension, period. With the WalMart-ization of the American work scene, bankruptcies of convenience, and under funding of pension plans, I fear that ANY pension is a thing of the past for non-government employees.
Yes, you're right about Congress. And many of them are double and triple dippers.
Now really! How many times have you heard people say these things or something very like to justify living beyond their means and spending every dime they make?Wretched Wrench said:Golly, Jim, I was nodding my head in agreement until the last paragraph.
Where did THAT come from?