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re: Retired Oregon public university worker to receive largest pension in state: $913,000 a YE
Posted on 4/16/18 at 10:34 am to Chucktown_Badger
Posted on 4/16/18 at 10:34 am to Chucktown_Badger
quote:
It's driving the state of Illinois off a goddamn financial cliff. And the effing politicians here had the pension increases built into the state constitution, so it's impossible to challenge it. And there are guaranteed cost of living increases independent of how the economy is doing. It's a disaster.
And they play the system to bilk it. Many employees will get a significant promotion or raise the year before they retire, so their pension benefit locks in at a higher rate. We have bus drivers retiring at 60.
When it becomes more lucrative to be a public employee than a private employee, the capitalistic system has utterly failed.
Posted on 4/16/18 at 10:35 am to East Coast Band
quote:
When it becomes more lucrative to be a public employee than a private employee, the capitalistic system has utterly failed.
uh, excuse me Captain Obvious but this has been the reality for a few generations
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