Your Pension May Be Monetized

[anonymoose]

Just the Democrat ones. They brought on this whole pension cluster fuck.

Yep. Giveaways to the public unions.

[anonymoose]

Republicans are not innocent bystanders in all this. But many virtually all of the cities and states with the biggest problems are/were run by democrats.

I'd sure like to see examples of cities run by reupubs that have this problem.
Well first I'd like to see examples of cities run by repubs. I'll bet the crime rate is relatively low in them.

[cawacko]

Every day brings forth greater evidence that we must forcibly destroy the boomer menace.

Boomers are f'ing you. But Gen Z is getting f'd as well as they're the one's paying the price in school's today. From the OP:


""This is from a recent Brookings Institution note.

Pension and health-benefit costs are bending education finances in California to their will. The sheer magnitude of the rising costs is staggering. Large numbers of school board officials who participated in our survey indicate that the rising costs are meaningfully affecting educational services. For example, many report making cost-saving changes to district budgets that include deferred maintenance, larger class sizes, and fewer enrichment opportunities for students in response to rising pension and health benefit costs.

So in effect, today’s students are paying to keep benefits flowing to retired teachers and administrators.""

[archives]

Far be it for me to stand up for Democrats but a problem of this size takes two to create. Republicans are not innocent bystanders in all this. But many of the cities and states with the biggest problems are/were run by democrats.

The States with the biggest pension problems according to your source are Repbulican

Kentucky, good example, for years they underfunded the teachers pension system allocating money elsewhere, and when the shortage became noticeable, they went out and make it worse. Good luck recruiting good new teachers in Kentucky

https://www.courier-journal.com/stor...ds/1743292002/

[cawacko]

The States with the biggest pension problems according to your source are Repbulican

Kentucky, good example, for years they underfunded the teachers pension system allocating money elsewhere, and when the shortage became noticeable, they went out and make it worse. Good luck recruiting good new teachers in Kentucky

https://www.courier-journal.com/stor...ds/1743292002/

Are we looking at the same chart?

The link in the OP shows the unfunded liability per capita of each state. The worst ten are New Mexico, New Jersey, Ohio, Nevada, Hawaii, Oregon, Illinois, California, Connecticut, Alaska.

[Althea]

Heritage, Alec and Wharton are shithole sources.

Sailor the idiot. Pensions are negotiated by labor and gubmint management. If pensions are to large, that means management is too soft.

Sorry your peeps are sooo weak. PAY UP buttercup!

Can't see the OP, but typically muni pensions are in direct correlation to lower annual pay raises. In essence, the govts. kick the can down the road.
And now they just screw all the retirees after the fact.

[Althea]

Yep. Giveaways to the public unions.

LMAO@ 'giveaways'.


https://www.afscme.org/issues/pensio...t_Pensions.pdf

[anonymoose]

LMAO@ 'giveaways'.


https://www.afscme.org/issues/pensio...t_Pensions.pdf

I'm not saying they don't deserve a pension but when you see retired firefighters and policemen in their early 50's next door neighbors with cardiologists, well, we have a bit of a problem. And we have that here.

[Althea]

I'm not saying they don't deserve a pension but when you see retired firefighters and policemen in their early 50's next door neighbors with cardiologists, well, we have a bit of a problem. And we have that here.

I'm not a union guy. Yes...many are pretty fat. My buddies make more in retirement than they did while working, but many county/state workers don't get SS. In many cases, they go years without raises in exchange for better retirement.

My problem is with the orgs. who don't honor pensions after the workers have gone without when they were working.

[cawacko]

I'm not saying they don't deserve a pension but when you see retired firefighters and policemen in their early 50's next door neighbors with cardiologists, well, we have a bit of a problem. And we have that here.

The issue is politicians would rather give public employees bigger pensions than increased pay today because it allows them to kick the bucket on paying down the road in regards to cost. Thus we see these massive unfunded liabilities today. And as the OP shows services are being cut as pension payments have to be made.

The thing is the issue is not going away. We can continue to try and bury our heads in the sand but ultimately it will come to a head and the results won't be pleasant.

[/MSG/]

Can't see the OP, but typically muni pensions are in direct correlation to lower annual pay raises. In essence, the govts. kick the can down the road.
And now they just screw all the retirees after the fact.

Good, fuck them. Hope they all go bankrupt.

[Althea]

Good, fuck them. Hope they all go bankrupt.

Why?

[/MSG/]

Why?

Because I hate Boomers more than anything else in the world and they should suffer for all the irreparable harm they have caused.

[anonymoose]

Because I hate Boomers more than anything else in the world and they should suffer for all the irreparable harm they have caused.

Not all boomers are public union employees.

[/MSG/]

Not all boomers are public union employees.

They are scum in one form or another.