quote:
Is your argument:

1. Public retirement is crappy;

2. Therefore, it is OK it isn't taxed like private retirement?

I would disagree with you on both points.

Yes... I'd much rather be given the option to invest on my own.

No... I was just pointing out that it isn't like some wonderful loophole that they get to live in. BUT, since you asked - the idea of a tax is that the state needs to get its "share" of the work-product. In the case of the state employee retirement system, the state gets its "share" though other means therefore the tax isn't warranted/needed/justified.

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Posted by slackster

Houston

Member since Mar 2009

85136 posts

Posted on 11/29/16 at 10:55 am to SlapahoeTribe

quote:
Yes... I'd much rather be given the option to invest on my own.

Well when your father was working a pension was commonplace in all industries. He could have made IRA contributions and invested in non-qualified accounts as well.

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Posted by BigJim

Baton Rouge

Member since Jan 2010

14513 posts

Posted on 11/29/16 at 11:09 am to SlapahoeTribe

quote:
Yes... I'd much rather be given the option to invest on my own.

Well that's an argument for another day.

quote:
No... I was just pointing out that it isn't like some wonderful loophole that they get to live in. BUT, since you asked - the idea of a tax is that the state needs to get its "share" of the work-product. In the case of the state employee retirement system, the state gets its "share" though other means therefore the tax isn't warranted/needed/justified.

Huh? What is the other means the state gets their share? By taxing private pensions? Other tax payers?

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