Now I need info on why you're so butthurt about it?
Who do you think pays for the lifetime 100% of salary pensions without retirees having to pay state income taxes on the pensions?
How many tens of millions of dollars are paid annually to investment advisors, asset custodians and pension agency employees which must be replaced by ever increasing payments by taxpayers into the pension funds?
And for what? So politicians can buy off state workers to get their votes by increasing pension benefits or by reducing the years of service required to get bigger pensions.
And all state workers do is gripe about how abused they are. And this is in spite of a 2010 compensation survey which showed public employees in Louisiana now have a higher average compensation that the average private sector employee.
When I'm elected governor I will make it my top priority to close down all public employee pension funds, pay out the vested benefits and put all public employees into social security.
The only pension staff remaining will process the monthly checks of already retired state employees until all of those retired employees die off.
ETA: Thanks for letting me vent. I spent most of the weekend working on my fed and state income taxes. I'm feeling much better now, thank you very much......
This post was edited on 3/25 at 4:15 pm