Comments by Tough Love | Eastern North Carolina Now
Browse all Comments by Tough Love...
 |
Well, You know what SINGLE group has a HUGE HUGE advantage over others doing nearly identical work?
Public Sector workers, who are about the ONLY group still accruing service credits towards a Defined Benefit (DB) pension LONG GONE in the Private Sector. And guess what ..... RARELY do all of the workers' own contributions to that DB pension Plan (INCLUDING all of the investment earnings on their contributions) accumulate to a sum upon retirement sufficient to buy more than about 15 % of their VERY VERY generous pension. YOU, the Taxpayers, are responsible for the OTHER 85%, as well as funding 100% of your own retirement security needs (perhaps very marginally reduced by no more than a 3% of pay 401K contribution from your employer). Sound fair to YOU, the Taxpayer ? Of course not, and it's WAY past time for Taxpayers to demand an end to this you-scratch-my-back-and-I'll-scratch-yours arrangement between our Elected Officials and the Public Sector Unions/Workers, wherein the former SELL
Commented: Wednesday, July 5th, 2023 @ 8:36 pm
By: Tough Love
|
