Striper Talk Striped Bass Fishing, Surfcasting, Boating - View Single Post - Why can't teachers/cops live with 401(k)'s instead of pensions?

Fly Rod · 01-10-2011, 08:40 PM

Because your elected officials have no balls to bring it to a vote to put city or state workers on a 401K

I have talked to several councillors to do away with pension plans and put the city on 401 K's after a certain date. Keep the present workers on a pension, any new workers hired after starting in 2013 go on their own 401k, the older workers will die off reducing people on a pension.

01-10-2011, 08:40 PM	#20
Fly Rod Registered User iTrader: (0) Join Date: Mar 2003 Location: Gloucester Massachusetts Posts: 2,678	Because your elected officials have no balls to bring it to a vote to put city or state workers on a 401K I have talked to several councillors to do away with pension plans and put the city on 401 K's after a certain date. Keep the present workers on a pension, any new workers hired after starting in 2013 go on their own 401k, the older workers will die off reducing people on a pension.