More than 6,400 Mass employees make over $100K

[likwid]

Originally Posted by Jim in CT

I was a Marine, Swimmer, I was in combat twice, and I'm damn proud of that.

Someone with a taxpayer paid retirement system complaining about taxpayer paid retirment systems.

Classic.

[Jim in CT]

Originally Posted by likwid

Someone with a taxpayer paid retirement system complaining about taxpayer paid retirment systems.

Classic.

My wife was a schoolteacher before we had kids. She agrees with me that pensions are an unfair burden to ask the taxpayers to pay for, and she has ticked off her union by saying that. She has begged her union to switch to 401(k)s, and she has made more than a few enemies.

I don't just talk the talk likwid. In this economic climate, pensions are just wrong and unfair. If that means my wife gets a smaller retirement package, fine, that's what I want. As I said before, I don't feel personally entitled to benefits that are so rich that folks have to struggle to pay for them.

I'm being less hypocritical given that this effects me personally, not more hypocritical. I stick to my convictions. When she goes back to teaching, I'd prefer that she get a 401(k) than a pension.

[RIROCKHOUND]

Jim,

I think Ted was asking if you get a pension from your service in the USMC.

[Jim in CT]

Originally Posted by RIROCKHOUND

Jim,

I think Ted was asking if you get a pension from your service in the USMC.

No pension.

I will say this. If I did receive a pension, I would take it, i wouldn't burn the money. But if it was put to a vote, I would vote to abolish pensions.

My wife will likely receive some kind of pension. We'll take it, because we did pay into it with our own money, but I don't think it's fair. And I would support any politician who agreed with me.

I wish we all had enough money to give teachers and cops a blank check, I really do. But the fact is, we don't.

[RIROCKHOUND]

Originally Posted by Jim in CT

No pension.

I will say this. If I did receive a pension, I would take it, i wouldn't burn the money. But if it was put to a vote, I would vote to abolish pensions.

My wife will likely receive some kind of pension. We'll take it, because we did pay into it with our own money, but I don't think it's fair.

Fair enough.

thanks for the answer

[Chesapeake Bill]

Originally Posted by Jim in CT

I will say this. If I did receive a pension, I would take it, i wouldn't burn the money.

Comes across as hypocritical IMHO. A sort of, "I can't have it so neither can you" approach. Not that you meant it that way but rather the way the words read.

[likwid]

Military Retired Pay Overview - Military Benefits - Military.com

Military has quite a few different pension/retirement pay systems.

Seems a bit better than having to wait till you're 55 too!

[Jim in CT]

Originally Posted by likwid

Military Retired Pay Overview - Military Benefits - Military.com

Military has quite a few different pension/retirement pay systems.

Seems a bit better than having to wait till you're 55 too!

Likwid, I am as opposed to pensions for veterans as I am opposed to pensions for everyine else. In my opinion, pensions so expensive that they represent an unreasonable burden on the customer (taxpayer).

The fact that the only entities that still offer pensions are all going bankrupt, seems to support my opinion.

[Jim in CT]

Originally Posted by Chesapeake Bill

Comes across as hypocritical IMHO. A sort of, "I can't have it so neither can you" approach. Not that you meant it that way but rather the way the words read.

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?

[The Dad Fisherman]

Originally Posted by Jim in CT

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.

I'm pretty sure I answered that question......

Originally Posted by The Dad Fisherman

I would keep the pensions in place for those who were hired under that plan. These were the benefits packages that were offered them when they accepted the job, so they need to be honored. Going forward w/ new hires I would go to a 401k scenario.

[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.

[Jim in CT]

Swimmer, I apologize for the personal insults. I was called on it, and the person who called me on it was exactly right to do so. A perfect example of my many flaws that I need to work on.

I stand by my assertion that you have repeatedly refused to answer my direct questions. If I ask why do cops deserve pensions, I don't think an appropriate response is that I don't deserve police protection.

I said before that I respect cops and teachers. I have 2 family members who are cops, and my wife is a temporarily retired teacher. These are difficult, vitally important jobs.

That being said, I see no reason why these folks (who are public servents) should not be expected to get by with the same benefits available to the public the claim to serve.

If anyone disagrees with me, instead of insulting me, perhaps you could explain why. I genuinely like to debate with those who disagree with me, it's the best way to learn.