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Last post 13 years ago by MikeyRavioli. 63 replies replies.
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cbc812 Offline
#51 Posted: Wed, May 11 2011, 2:04 PM EST
Joined: 01-31-2007
Posts: 4,222
^ #47

Gringo, you know that all government workers are leeches sucking at the tit of the hardworking taxpayer, so stop with your facts and other nonsense. You are obviously a radical socialist.

On a related note - why do you hate America?
gringococolo Offline
#52 Posted: Wed, May 11 2011, 2:16 PM EST
Joined: 02-04-2006
Posts: 4,626
cbc812 wrote:
^ #47

Gringo, you know that all government workers are leeches sucking at the tit of the hardworking taxpayer, so stop with your facts and other nonsense. You are obviously a radical socialist.

On a related note - why do you hate America?



And exactly what sinister thing does it say on your birth certificate? I bet block 17 says nothing about belonging to the church of the FSM...
Papachristou Offline
#53 Posted: Wed, May 11 2011, 2:19 PM EST
Joined: 10-20-2010
Posts: 845
gringococolo wrote:

Govt workers have to pay for their health benefits unless they are retired military and a few others. Most all federal retired workers have to pay for their own health insurance (including congress).

Define unrealistic pensions?



my mistake, any pension period. the fact remains after they retire, they continue to receive money and health care contributions whereas MOST private sector companies do not offer this.

cbc812 Offline
#54 Posted: Wed, May 11 2011, 2:30 PM EST
Joined: 01-31-2007
Posts: 4,222
^ #52

How did you know about my birth certificate?

Did my uncle in Kenya tell you? Dammit!!!!
gringococolo Offline
#55 Posted: Wed, May 11 2011, 2:31 PM EST
Joined: 02-04-2006
Posts: 4,626
Papachristou wrote:
my mistake, any pension period. the fact remains after they retire, they continue to receive money and health care contributions whereas MOST private sector companies do not offer this.




They do not get health care "contributions". They are allowed to purchase PRIVATE health care coverage via payroll DEDUCTIONS from their pensions.

The thing is, you have some fantasy that govt workers just stop working and get some super pension that pays all the bills. Do you have somebody you know directly, and have talked about this with? I doubt it, because you don't know what you are talking about.

The fixed pension based on high 3 salary and number of years of service is a great benefit. Most govt workers couldn't retire on that alone. If they don't contribute to the TSP they will not have enough income at retirement.

The private sector companies offer higher matching, and many do still offer some defined benefit pensions, most do not because many people think they can get a better return "on their own". They also offer profit sharing, bonuses, company stock, etc...

But I am just a govt leach, what do I know.
DrMaddVibe Offline
#56 Posted: Wed, May 11 2011, 2:43 PM EST
Joined: 10-21-2000
Posts: 55,550
gringococolo wrote:
The private sector companies offer higher matching, and many do still offer some defined benefit pensions, most do not because many people think they can get a better return "on their own". They also offer profit sharing, bonuses, company stock, etc...



Meh...most are dumping 401K's...retirement of any sort is done on your own. If they offer profit sharing its a shell of it's former gracious self with maybe 2%. Bonuses and company stock have fallen like the old COLA. They're not there anymore. If you have a job they tell you "Be lucky you have it!"
gringococolo Offline
#57 Posted: Wed, May 11 2011, 2:59 PM EST
Joined: 02-04-2006
Posts: 4,626
The small company (10 employees) that my wife runs the accounting for usually does 15% annually in profit sharing. They did 20% last year.

I really didn't mean to represent that it's all roses out there.


I never hated on Microsoft employees during the 90's boom when my military pay was crap, and those employees were raking in the cash in stock options.


My point is beat it or join it. Stop whining about it. Find the right place, be happy.





Edit: Oh yea, and be factual about govt pensions, don't make stuff up. It's already great, don't make it sound perfect. Was what I was really getting at.
MikeyRavioli Offline
#58 Posted: Wed, May 11 2011, 3:10 PM EST
Joined: 10-10-2005
Posts: 2,105
I dont think that when pensions were created the average American life span was as long. My father was a NYC transit cop. He got on the force at 21. He did 25 years to maximize his pension. He retired at 46 years old. He is about to celebrate his 72nd birthday this summer. At this point he has collected his pension for as long as he worked. I hope to have him around for many more years. I just don't think that pension systems were designed for that type of longevity.

PS - When he retired he did 20 years (sort of - early attrition) at a giant insurance company as a collision claims adjuster. He gets a pension from there as well.

Plus SocSec.

But then the flip side is he worked very hard all his life and paid into these systems so isn't he due?
Papachristou Offline
#59 Posted: Wed, May 11 2011, 3:13 PM EST
Joined: 10-20-2010
Posts: 845
MikeyRavioli wrote:
I dont think that when pensions were created the average American life span was as long. My father was a NYC transit cop. He got on the force at 21. He did 25 years to maximize his pension. He retired at 46 years old. He is about to celebrate his 72nd birthday this summer. At this point he has collected his pension for as long as he worked. I hope to have him around for many more years. I just don't think that pension systems were designed for that type of longevity.



this is the point. Applause
DrMaddVibe Offline
#60 Posted: Wed, May 11 2011, 3:22 PM EST
Joined: 10-21-2000
Posts: 55,550
MikeyRavioli wrote:
But then the flip side is he worked very hard all his life and paid into these systems so isn't he due?



Yes he is.

He's not reliant on SS for EVERYTHING!
gringococolo Offline
#61 Posted: Wed, May 11 2011, 3:25 PM EST
Joined: 02-04-2006
Posts: 4,626
Papachristou wrote:
this is the point. Applause



No. The point is he risked his life for 25 years SERVING the people.

I am also certain HE contributed to his own pension fund.




http://aging.senate.gov/crs/aging1.pdf

Look at table 1. Life expectancy chart for the last century.
RICKAMAVEN Offline
#62 Posted: Wed, May 11 2011, 3:36 PM EST
Joined: 10-01-2000
Posts: 33,248
ALLAN KEYES IS MY MAN
IF HE CAN'T DO IT, NOBODY CAN

HIP,HIP,HOORAY
HIP,HIP,HOORAY
HIP,HIP,HOORAY
MikeyRavioli Offline
#63 Posted: Wed, May 11 2011, 3:41 PM EST
Joined: 10-10-2005
Posts: 2,105
Rick is the Cbid equivelent of parsley.

Its never in the menu description and you never ask for it but when you look down on your plate -boom- there it is.
You are following a thread and -boom- Rick


Crazy, crazy, parsley.
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