[TheSpecialist]

Originally Posted by Jim in CT

Bill, I guess it does sound hypocritical. But if a pension is all that is offered to cops, I don't begrudge them for taking it...after all, if a 401(k) isn't an option, then I don't expect cops to turn down the only retirement vehicle available to them. That's reasonable, don't you think?

I will do all I cam here in my town (as will my wife) to try to get pensions abolished. We live in a democracy. If the majprity of the citizenry votes to keep pensions, I realize I have to live with that. That's democracy.

I said before, I don't begrudge anyone for accepting pensions that are offered to them. I do, however, take exception with those who support keeping those pensions around. Given the deficits that states and towns are facing, I just don't see how you justify pensions. In fact, I've asked dozens of times on this thread why cops are entitled to pensions, and NOT ONE person has offered any shred of support. Not one. Zip. Zilch. Nada. Bupkus.

No one has said "I think pensions are better than 401(k)s because..."

That tells me that even the folks here who disagree with me are totally unable to explain why. Amazing. Why does one support a posiiton that you cannot begin to explain?

Unless the companies pull something shady they are pretty much guaranteed or more stable, where as the 401k can take a nose dove on you as it has recently. Many people who would have retired in the last couple of years h with 401k are now having to work to make up the losses.