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Re: This $700 Billion Public Employee Ticking Time Bomb Is Only 6.7% Funded; Most States Are Under 1% 

By: ribit in POPE IV | Recommend this post (2)
Sat, 23 Sep 17 3:32 AM | 72 view(s)
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Msg. 34874 of 47202
(This msg. is a reply to 34855 by Beldin)

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...promise em anything they want, then kick the can down the road for someone else to deal with.




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Liberals are like a "Slinky". Totally useless, but somehow ya can't help but smile when you see one tumble down a flight of stairs!




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The above is a reply to the following message:
Re: This $700 Billion Public Employee Ticking Time Bomb Is Only 6.7% Funded; Most States Are Under 1%
By: Beldin
in POPE IV
Sat, 23 Sep 17 12:06 AM
Msg. 34855 of 47202

Not the public employee plans ... they're usually defined benefit plans where the annual benefit is based on some percentage of their highest earning years. And a lot of 'em allow the employees to "retire" in their fifties. Those plans aren't planning on the employees to be dead before drawing benefits ... they're planning on the taxpayers to be dead broke.


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