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Pension Envy

Discussion in 'Political Issues' started by DonGlock26, May 13, 2017.

  1. DonGlock26

    DonGlock26

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    Do you envy public safety and military veterans for their pension system?

    If so, why? How does it affect you? Is it a large tax burden on you? Do
    you toss and turn at night thinking about someone having a retirement
    income for some 20+ years of service? Do you envy these veterans because
    you don't have much saved for retirement? I guess there are always a guy worried
    that the guy next to them has a larger pension........:nailbiting:

    Now, this is not to say that there isn't abuse of pension systems, but ultimately
    the voters decide on the civilian representatives who agree to pension
    plans.
     
    Last edited: May 13, 2017
  2. seanmac45

    seanmac45 CLM

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    Oh Dear God,

    You didn't just open those floodgates, did you?

    Prepare for a tsunami of stupidity which will ensue.
     

  3. TxGun

    TxGun

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    I don't. Whichever side of the economy you're on, public or private, just rise to a level that pays you what you want/need. Simple. If you don't have the ability to do that, don't whine about it. It's your preparation, determination, and decisions that define your income status.
     
    Last edited: May 13, 2017
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  4. DonGlock26

    DonGlock26

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    [​IMG]
     
  5. DonGlock26

    DonGlock26

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    Exactly, I say work as hard as you can and live within your means. If you
    lay up at night staring at the ceiling thinking about someone else's financial
    situation, you didn't work very hard that day.
     
  6. ChuteTheMall

    ChuteTheMall Witless Protection Program

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    The facts that some people are richer than me, and some people are poorer than me, is something I stopped worrying about sometime in high school.

    I do think both governments and businesses need to find alternatives to the classic pension system for future employees, giving them the freedom to invest for themselves as they please.
     
  7. First shot

    First shot

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    Pension envy? No. Do I wish that I'd saved more when I was younger instead of having so much fun? A resounding, sometimes.
     
  8. PattonWasRight

    PattonWasRight

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    There is a historic pattern from local officials running for election to get the endorsement & votes of police & fire to promise enhancements to pension benefits.

    Since the cost was always a "kicking the can down the road" thing for other elected officials to worry about, why worry about it yourself? Easy to promise anything that way.

    And look at Illinois, they over promised a ton and don't have the pension funds to cover the promises made.

    You omitted Teachers, who also get a pension here in MO and most states.

    Wisely, I married one ;-)
     
  9. DonGlock26

    DonGlock26

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    I'm sure someone here envies you very much.
     
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  10. PattonWasRight

    PattonWasRight

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    Honestly, I do count my blessings about this a'plenty.

    She'll / we'll be getting about 80% of her final 3 years average salary, and after 30 years of teaching, that's enuf to sustain us alone, as our home is paid off.

    Before someone cries "unfair" I will say the woman works her rear off. Most teachers do.

    Plus, they have to manuever so delicately these days balancing what's best for the kid versus the demands of helicopter parents that want to insulate their kids from reality and the school administrators that too often appease them. She is what you'd want your kid's teacher to be.

    Back to topic ... many companies used to offer pensions, but those days have long passed.

    In it's place, you get a 401k with company matching up to a certain level. As long as you can pick where your money goes (unlike Worldcom whose employees lost life savings when the company went under) we'd all be fools not to take that free money.

    Save first, then see what life style you can enjoy after that. Doesn't work the other way around.
     
  11. DonGlock26

    DonGlock26

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    I think the 401K's were sold as a pot of gold, but I think it saved the companies a bundle.
     
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  12. wprebeck

    wprebeck Got quacks?

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    My personal "favorites" are the folks who don't even live in my state, yet ***** and moan about my pension. Hell, some folks should focus more on local issues.. for instance, Colorado is handing out 8,000 tablets to prison inmates at taxpayer expense and Louisiana is busting their ass to be first in line for revisionist history....
     
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  13. ziggy2525

    ziggy2525

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    No, but I think it's ironic when I hear retired military complaining about the evils of government mandated Obama Care in one breath and then going on and on about how great their government provided Tri-Care is in another.

    No fan of Obama Care, it's just ironic in a sad kind of way.
     
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  14. lazarus66

    lazarus66

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    My Dad collected his USAF pension from 1966 to 2012. I think he got a hell of a deal. The TRI-Care health insurance for him and Mom, That has been a real blessing.
     
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  15. First shot

    First shot

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    Good friend of mine in Pa. became a State Trooper. He retired a year ago after 32 years of service. He told me how it is "common practice" for those nearing retirement, to pile on the hours, including desk duty, for the 2-3 years prior to retirement. This somehow increases the pension by 30-40%. I guess that it's one of those "everyone does it" deals. I don't envy it, because he did "serve and protect", but it does smell a bit fishy.
     
  16. PattonWasRight

    PattonWasRight

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    For real? Don't take this the wrong way but can you show / link us to that?
     
  17. wprebeck

    wprebeck Got quacks?

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  18. wprebeck

    wprebeck Got quacks?

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    Yep, it's very suspicious to be paid for hours worked. Why, how dare those folks try to increase their retirement by working more than 40 hours per week! The nerve of some people...
     
  19. TBO

    TBO Why so serious? CLM

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    I seriously doubt it's that much of a boost.

    I knew a guy that worked the better part of half his days off for about 2 yrs to boost his pension (MN). He didn't get remotely close to that type of boost.

    Our LE pension plan was revisited lately. As part of that they looked at how many retirees were able to substantially boost their pension based on their high five.

    Less than 1%

    In fact you could count them on your fingers. Boosting was most common around the 1-3% increase.

    Sent from my Jack boot using Copatalk
     
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  20. CAcop

    CAcop

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    Some pension plans are based on gross pay including OT. Ours is base pay. Guys in our system who do a ton of OT, say 50% over base pay, are going to see their take home drop from 150% of base pay to at best 90% of base pay. I have avoided cash OT and taken it as time since I bought my first house in 2001.
     
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