Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
RandyTF said:The problem as I see it is, most of those who have the motivation and mindset are us old geezers. The young folks who have the physical ability to fight are mostly being brain washed into the socialism. They don't know that they are already subjects of the government. And they think we are right wing radical racist homophobic capitalistic pigs. Remember when you were young and heard old people speak? Didn't you simply think they were out of touch? Hell, they are old right?
338lapua said:Big part of the problem in California and this problem alone will bankrupt them. Their government pension obligations. I think it is about time that all these "public" servants get a taste of reality that the average American worker gets when they retire, a crappy pension like some or none like most people get. None of my employees get a pension, they have retirement accounts but they are not getting paid for life when they retire, I just can't afford that. So why should we the people be saddled with the public pension bill?
https://www.sacbee.com/opinion/california-forum/article209303974.html
storage_man said:338lapua said:Big part of the problem in California and this problem alone will bankrupt them. Their government pension obligations. I think it is about time that all these "public" servants get a taste of reality that the average American worker gets when they retire, a crappy pension like some or none like most people get. None of my employees get a pension, they have retirement accounts but they are not getting paid for life when they retire, I just can't afford that. So why should we the people be saddled with the public pension bill?
https://www.sacbee.com/opinion/california-forum/article209303974.html
Same problem exists here in Arizona. The state Govt, has done some tweaking, but they really didn't fix it. The City of Phoenix is really screwed. Their pension liabilities are beyond their taxing ability forever. Years ago, if you wanted to make big $ you never would work for the Govt, but if you wanted a secure future (Full Pension), you went to work for the govt. The problem is via inflation and Govt need for quality skills, their salaries have eclipsed those of private industry. But the pension has stayed the same. The big problem is going to come when it crashes and the employee's get NO pension after paying in all of those years. Revolution time ?![]()
Was she retiring under CSRS or FERS? Either way she had to be VERY high up the food chain to rate near $100k in "pension".338lapua said:Same problem exists here in Arizona. The state Govt, has done some tweaking, but they really didn't fix it. The City of Phoenix is really screwed. Their pension liabilities are beyond their taxing ability forever. Years ago, if you wanted to make big $ you never would work for the Govt, but if you wanted a secure future (Full Pension), you went to work for the govt. The problem is via inflation and Govt need for quality skills, their salaries have eclipsed those of private industry. But the pension has stayed the same. The big problem is going to come when it crashes and the employee's get NO pension after paying in all of those years. Revolution time ?
But it goes farther than this. It is in every state that this will happen, the slaves will have to work to provide for the bureaucrats comfortable retirement. Lets see we have cities, states, counties and so on and all have nice pension programs. And then there is the federal government with all the GS levels of pay and beyond. I actually broke up with a woman I was dating who worked for the VA and is set to retire with close to a 100K a year pension, I just couldn't stomach another minute of her.
I am really starting to think what is the point of being in business so I can support these useless eaters? I had to make my own retirement , time for them to find out what this is like.
It wasn't that long ago that pension plans were enjoyed by MOST of the American workforce.I want to see them all taken down to the level of the average American worker and what they would get upon retirement.
Steve_In_29 said:Was she retiring under CSRS or FERS? Either way she had to be VERY high up the food chain to rate near $100k in "pension".
The last employee hired under CSRS was in 1986, so how long ago was this?
Under FERS (current system) the pension formula is 1% of base pay times number of years worked (1.1% if going out at 62 or later). So retiring at 62 (for the 0.1% bump) she would have had to be working 40yrs and be making well north of $200K in base salary (overtime/bonuses/etc don't count) to get close to your claim.
MOST of the money a Federal employee gets in retirement comes via their own contributions to the TSP (401k).
It wasn't that long ago that pension plans were enjoyed by MOST of the American workforce.
You have greedy business owners to thank for the loss of those types of benefits in the private sector.
On edit: Federal retirement is NOT as lucrative as most State, County, City plans, where there are various ways to boost your pension considerably by gaming the system via overtime, etc.
We use essential cookies to make this site work, and optional cookies to enhance your experience.