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[–] bob3333 0 points 38 points (+38|-0) ago 

That's what happens when you set up a retirement system and then don't pay into it. When the stock market was doing good in the early 2000s the states didn't make the employer contribution like they were supposed to because the market gains were enough that the employee's contributions were covering everything on their own. So, like Democrats always love to do, they stole that money for other pet projects. When the market tanked they got caught with their pants down.

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[–] GapingAnus 0 points 9 points (+9|-0) ago 

It's also why you shouldn't tie pensions to an account fully invested in the market but handle it as a pay-go system like insurance does.

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[–] Oh_Well_ian 0 points 7 points (+7|-0) ago 

Eliminate them and give the workers the responsibility of managing their retirement accounts.

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[–] Broc_Lia 0 points 4 points (+4|-0) ago 

I don't get why they should be running a retirement system at all. Just pay people and let them make their own decisions with their own money.

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[–] hwong 0 points 6 points (+6|-0) ago 

So corporations and or local governments can amass huge blocks of money that they can invest and then spend the interest. It's really a corporate scam....

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[–] Super_Cooper 1 points -1 points (+0|-1) ago 

People are mostly too dumb to save. I think we should have a mandatory private retirement account, like social security but everyone is separate and you get what you pay in plus interest. And you can will the money to other people. The biggest problem with social security is that you pay 13% of your income into it, but if you die before you retire your posterity doesn't get shit.

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[–] thatguyiam 0 points 0 points (+0|-0) ago 

I think with legacy defined benefit its not suppose to be too overbloated either.... by law

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[–] Bigwhistle 0 points 25 points (+25|-0) ago 

This is the result of the whoring of the politicians for the vote of the unions in their next election. Give us what we want, and our membership will vote for you. Thus you see the insanity of NYC's disability pensions for cops and firemen. 3/4 tax free pensions for life. Some of these retirees earn $2 to $4 thousand dollars a week, tax free, until death. And, if related to the World Trade Center, these pensions pass to the survivors. It's beyond belief. Tax free millionaires; each and every on of them.

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[–] therealsharpie 0 points 4 points (+4|-0) ago  (edited ago)

So Im very grateful to have emergency responders but not "hey government make sure they're millionaires, use my taxes if need be" levels of grateful

[–] [deleted] 0 points 3 points (+3|-0) ago 

[Deleted]

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[–] Maroonsaint 0 points 0 points (+0|-0) ago 

Apparently not ehh? Don’t hate on firefighters they didn’t do the bribing

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[–] ShutItDownGoyim 0 points 11 points (+11|-0) ago 

And guess who is going to end up paying to cover their colossal fuckups?

You and me of course! And we'll take it without lube too. And Democrats will laugh all the way to the bank.

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[–] B166-ER 0 points 1 points (+1|-0) ago 

Not me, fuck it,don't need to be the last rat off this sinking ship. I'm moving to Poland.

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[–] Somecowsspeakhuman 0 points 0 points (+0|-0) ago 

How are you learning the language? It's always been difficult for me.

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[–] QuickMafs 0 points 9 points (+9|-0) ago 

This is the driving force behind mass immigration, these bastards aren’t driven by any kind of altruistic force all they want is more votes and more money in their own funds at the detriment to society as a whole

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[–] Maroonsaint 0 points 1 points (+1|-0) ago 

That’s how dirty they are. Sell out everything and everyone for a vote. It’s like you thought maybe they would have some dignity maybe just a LITTLE patriotism buried somewhere deep in their souls and you would be dead wrong.

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[–] EatDaP00P00 [S] 0 points 9 points (+9|-0) ago 

and this is what the liberal mindset gets you bankrupt. They should bring in business consultants and cut all social programs until they can meet their obligations. You know like NORMAL people do who overspend with credit!

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[–] StanTheTRex 0 points 7 points (+7|-0) ago 

God forbid they cut some of the thousands of "programs" that they have no business spending tax dollars on.

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[–] Diggernicks 0 points 3 points (+3|-0) ago 

All blue states. I AM SHOCKED.

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[–] senpaithatignoresyou 0 points 3 points (+3|-0) ago 

Interesting....

Connecticut was recently hit by a crytpo locker attack that targeted the tax system. The libshits will say "russia" but all evidence is pointing to pissed off tax payer.

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