Friday, December 10, 2010

Pensions

Most commercial employees are invested in some kind of 401K plan for their "retirement", leaving them at the mercy of the company's earnings to ensure their golden years.

On the other hand, gubmint workers seem to get guaranteed pensions based on service length and salary level at retirement - just like commercial workers USED to get. The changing nature of the economy nixed that - except for companies like GM, who were held hostage by their unions. We know how well THAT worked out.

However, thanks to groups like ASCME, for gubmint employees, these kind of pensions are still locked in no matter how broke the government body is. In fact, the largest and most powerful union left in the US is....government employees (except maybe for SEIU's "IN" with Obama).

This iniquity seems just wrong. Why are people in gubmint service, being paid on the backs of taxpayers, being given such cushy packages??

4 Comments:

Blogger Peoria Anti-Pundit said...

Well, I am one of those gubmint workers as you call it and I have paid into my retirement for 35 years and while it's true so has my employer, I am not getting all that much per month if I chose to retire. Bear in mind, as a gubmint worker, I receive NO SS benefits at all. None, nada. So please don't lump us into one category. Besides, the people with the richest pensions are usually high paid do nothing gubmint workers and those people usually vote GOP. How's that for lumping?

12/12/2010 12:12 PM  
Anonymous Anonymous said...

Government pensions are generally not higher than non-govt.,but those that are, the employee has worked at a lower salary for a long time in government service.

12/13/2010 4:18 PM  
Blogger Vonster said...

Non-government "pensions"??? Not 401ks? At non-union workplaces??? In the last 20 years? What country do you live in?

EM: So you've worked on the gubmint dole all your life? [wink}

12/13/2010 5:57 PM  
Blogger Vonster said...

High paid gubmint workers vote GOP?? LOL!!!

12/13/2010 7:14 PM  

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