Quote:
Originally Posted by Pugchief
The better solution is to get rid of pensions for all govt employees (federal, state, municipal, county) and put them in a 401k type plan that the employer matches similarly to the private sector.
As far as SS is concerned, it prob makes sense to gradually move that away from the current ponzi structure toward a privatized system, while still honoring benefits to those who have paid in.
|
Neither of those things are a good solution. I worked for the government for 40 years and was in the original retirement system, a benefit that I looked at when deciding to stay in government. We were not comparably paid to the private sector but retirement was something that kept people in government. You are incorrect to think that current employees have government pensions, sometime in the 80's the retirement system was changed and they now have 401K's SS and a minor government pension. SS was enacted to assist people who are poor and do not have a retirement option. If you pay in, you should be able to collect no matter what other pension you have including the government pension. When my husband died I was denied my widow's pension because I had a federal pension. That would not have happened had I not been on government retirement. That is unfair as he paid into the system for way more than 40 quarters. He has been dead for 6 years and I am wondering if I will be able to back and get his money.