General Discussion

TexasTowelie

(112,062 posts)

25. Especially important due to the fact that most public sector employees

Sat Feb 9, 2013, 06:08 PM

Feb 2013

earn less than employees in the private sector.

I also avoid company sponsored 401k programs unless there is a generous match by the employer. I prefer to have my assets with as much liquidity as possible and avoid the tax penalties if I decide to cash out when changing employers.

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Why it is not really taxpayers’ money that funds public employees’ pensions. [View all] tblue37 Feb 2013 OP

You are absolutely correct, I am sick of assholes wanting to deny others of their EARNED PAY. we can do it Feb 2013 #1

The ones crying about it are the same that would block a union at there job who would fight libtodeath Feb 2013 #2

The issue is when the fund becomes unsound per audits/actuaries who has to pay to may it right ProgressiveProfessor Feb 2013 #3

CALPERS Lordquinton Feb 2013 #11

The defined benefit funds are under performing. The cities are having to put in more money to make ProgressiveProfessor Feb 2013 #14

Do you mean they have to fund a pension for someone who has earned it Lordquinton Feb 2013 #18

Not really ProgressiveProfessor Feb 2013 #22

"For any number of reasons" Lordquinton Feb 2013 #30

The balanced budget is yet to be seen and the cities are still hurting ProgressiveProfessor Feb 2013 #40

Rome wasn't built in a day Lordquinton Feb 2013 #45

It not that I do not support Jerry Brown, but it is not all under his control ProgressiveProfessor Feb 2013 #47

His actions are in response to previous actions Lordquinton Feb 2013 #50

just to clarify shanti Feb 2013 #33

I knew I had something wrong Lordquinton Feb 2013 #34

oh yes shanti Feb 2013 #35

Nice Lordquinton Feb 2013 #36

CALPERS is much more than state employees ProgressiveProfessor Feb 2013 #42

yes shanti Feb 2013 #52

Exactly...it is the taxpayer who needs to come up with the shortfall. dkf Feb 2013 #28

CALPERS wrote a lot of creative fiction in that area over time and still do to some extennt ProgressiveProfessor Feb 2013 #44

Unfortunately our state legislators screwed our state employees... dkf Feb 2013 #48

And this leads to another issue that the financial industry and its advocates rarely discuss. Egalitarian Thug Feb 2013 #37

k&r Starry Messenger Feb 2013 #4

Thanks. nt tblue37 Feb 2013 #5

Thank you! Starry Messenger Feb 2013 #6

Feel free to copy and paste it whenever you think it is needed. nt tblue37 Feb 2013 #7

Thank you! gollygee Feb 2013 #8

K! &! R! . .. . . . .n/t annabanana Feb 2013 #9

HUGE K & R !!! - Thank You !!! WillyT Feb 2013 #10

It's all a shell game. ReRe Feb 2013 #12

Yes. A pay cut. Nothing more or less. (nt) DirkGently Feb 2013 #13

kr HiPointDem Feb 2013 #15

K&R. Now if we could only get this written into law. JDPriestly Feb 2013 #16

Well said. nt Live and Learn Feb 2013 #17

K&R secondvariety Feb 2013 #19

Great explanation. timdog44 Feb 2013 #20

Thanks! nt tblue37 Feb 2013 #32

Pension = Deferred EARNED income duhneece Feb 2013 #21

Yes. Absolutely. n/t duffyduff Feb 2013 #54

Message auto-removed Barrett50 Feb 2013 #23

And if were not for the restaurant owner, the wait staff tblue37 Feb 2013 #24

Message auto-removed Barrett50 Feb 2013 #26

No, it WAS the taxpayers money until the employees earned it. Now it belongs to the employees. Gidney N Cloyd Feb 2013 #27

Message auto-removed Barrett50 Feb 2013 #29

Especially important due to the fact that most public sector employees TexasTowelie Feb 2013 #25

I am not surprised that Barrett50 was PPR'd. He joined today and made only a few posts--some tblue37 Feb 2013 #31

Is Barrett50 (et al) really that dense or is he just working an agenda? Gidney N Cloyd Feb 2013 #38

Well, considering that he was PPR'd, my guess is that he was tblue37 Feb 2013 #41

Should be turned around this way: Is it okay for your boss to take your pension for his expenses? freshwest Feb 2013 #39

About your rhetorical question: tblue37 Feb 2013 #43

Until it really hits them ala ENRON. Then they'll squeal for the freshwest Feb 2013 #46

Hawaii used the argument that the taxpayer is responsible to do the reverse and take from the ERS dkf Feb 2013 #49

Let's not forget that private employers have screwed their employees out of decent pension plans alarimer Feb 2013 #51

Thank you for a sane post. n/t duffyduff Feb 2013 #53

Emp gets salary, gets benefits. It's the emp's pay. Festivito Feb 2013 #55

I think bigapple1963 Feb 2013 #56

Absolutely agree, but... FreeJoe Feb 2013 #57

thanks for posting this SHRED Feb 2013 #58

Message auto-removed KristaM Feb 2013 #59

K & R from another civil servant! n/t RoccoR5955 Feb 2013 #60

that's an awful lot of words wasted hfojvt Feb 2013 #61