California is Wall St.’s “Worst Run State” for 2 years running - Page 4
+ Reply to Thread
Page 4 of 4 FirstFirst 1 2 3 4
Results 43 to 44 of 44

Thread:
California is Wall St.’s “Worst Run State” for 2 years running

  1. #43
    VOTE! RodnJen's Avatar
    Join Date
    Jan 2008
    Location
    Fullerton
    Posts
    2,123

    Default

    Quote Originally Posted by SBjet View Post
    This is a non sequitur. The public employee is not "saving" at all. It is simply an open ended promise that future taxpayers will foot the bill. Aargh.
    If the employee wants a "defined" benefit, he should buy an annuity. Those are fixed. And yes, that option would suck for the govt. employee compared to the huge pensions many of them now have.
    Just what do you think a DB plan is? It is a massive annuity with all the same calculations.

  2. Remove Advertisements
    PerformanceBoats.com
    Advertisements
     

  3. #44
    Senior Member wolfie's Avatar
    Join Date
    Dec 2007
    Location
    In the garage working on the boat in Utah, United States
    Posts
    7,810

    Default

    I'm fine with a public pension. I have a problem with the conflict of interest between the public unions and government lawmakers, the same people that are receiving donations from those they negotiate with. Therein is the problem!!! Public unions should be disbanded, period!!! If a private company were to take money from the same people they were negotiating with like the politicians (predominantly democrats BTW) they would be held on bribery charges!!!

+ Reply to Thread
Page 4 of 4 FirstFirst 1 2 3 4

Quick Reply Quick Reply

Register Now

Please enter the name by which you would like to log-in and be known on this site.

Please enter a password for your user account. Note that passwords are case-sensitive.

Please enter a valid email address for yourself.

Please select your insurance company (Optional)

Log-in

Tags for this Thread

Digg This Thread

Posting Permissions

  • You may post new threads
  • You may post replies
  • You may not post attachments
  • You may not edit your posts
  •  
 

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95