- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: It's happening. Washington is the first state to terminate a public employee pension plan!
Posted on 5/6/26 at 6:49 pm to lsuconnman
Posted on 5/6/26 at 6:49 pm to lsuconnman
So no fiduciary responsibility is at stake as long as it is "over-funded". What a concept.
0
Posted on 5/6/26 at 6:50 pm to cymark
quote:
It’s for retirees so no one is accruing additional benefits and no one will lose any benefits, right?
Why not increase payouts for the pensioners that funded the program? Seems to me they're the ones entitled to it before state government is.
quote:
I don’t think this is overly concerning.
Not exactly the same but not that far off, either - how'd we all feel if fedgov decided to cap returns on our IRAs/401Ks at 12% per year, and take "windfall earnings" to fund more of its shite?
Posted on 5/6/26 at 6:54 pm to Timeoday
New York will follow suit. Mamdani has already threatened it.
Posted on 5/6/26 at 6:56 pm to AlterEd
I hope long term this means less people work for the government and it starts collapsing.
Posted on 5/6/26 at 7:03 pm to David_DJS
quote:
Not exactly the same but not that far off, either - how'd we all feel if fedgov decided to cap returns on our IRAs/401Ks at 12% per year, and take "windfall earnings" to fund more of its shite?
That’s the explicit difference between defined benefit vs defined contribution. Not gonna lie, it would be pretty funny to see heads explode if they decided, well, we did so much better than expected managing the retirement plan that we’ll double the firefighters pension payments.
Posted on 5/6/26 at 7:06 pm to Timeoday
quote:
sacrificed my body and a good chunk of my life for our state, they committed to providing a benefit for me and raided it.
Much like every other mother fricker that doesn’t have a pension but Social Security. Sorry sucker. Don’t let the government be a custodian of your money. They will steal it.
Posted on 5/6/26 at 7:10 pm to 10thyrsr
How dare you use math and reason
Posted on 5/6/26 at 7:18 pm to Mushroom1968
Do not get me wrong. It’s difficult to sympathize with public employees that retires at 50 years old and 100% of the average of their last 3 years pay fully vested after 5 years!!
And 100% medical and dental for life, free of charge.
Some of those major university head coaches in Washington and their lineage are set for life!!
And 100% medical and dental for life, free of charge.
Some of those major university head coaches in Washington and their lineage are set for life!!
Posted on 5/6/26 at 7:20 pm to Timeoday
quote:
It’s difficult to sympathize with public employees that retires at 50 years old and 100% of the average of their last 3 years pay fully vested after 5 years!
None of this is true, at least in Louisiana. Actually extremely far from the truth
quote:
And 100% medical and dental for life, free of charge.
I’m retired fire and pay $1600 a month for medical and dental. That’s with high deductible, dental insurance hardly covers anything, and no hsa
quote:
Some of those major university head coaches in Washington and their lineage are set for life!!
Oh, well maybe so, carry on
Posted on 5/6/26 at 7:20 pm to Timeoday
Does anyone really expect anything different from grifter pinkos?…
Posted on 5/6/26 at 7:25 pm to Mushroom1968
In Washington, state and LEOFF 1 retirement eligibility ended in October 1977, which meant you had to be hired before that date but could retire at 50 with 5 years of service. That is a fact.
Your retirement is based upon the income you earned in your final 3 years. That is a fact.
We are talking about Washington, not Louisiana. That is a fact!!
Your retirement is based upon the income you earned in your final 3 years. That is a fact.
We are talking about Washington, not Louisiana. That is a fact!!
Posted on 5/6/26 at 7:28 pm to Timeoday
You said 100% the first time. What happened to that?
quote:
50 years old and 100% of the average of their last 3 years pay fully vested after 5 years!
Posted on 5/6/26 at 7:29 pm to Timeoday
quote:
In Washington, state and LEOFF 1 retirement eligibility ended in October 1977, which meant you had to be hired before that date but could retire at 50 with 5 years of service. That is a fact.
You stated 100% which is not a fact. They had to wait till 50 to receive it. So if you worked 5 years, they got 10% of their highest 3 years but had to wait till 50 to get it.
Eta: They were vested at 5 years. Louisiana you are vested at 12. So if you retired at 12 years, you get 40% of your highest 3 years at the age of 50.
This post was edited on 5/6/26 at 7:31 pm
Posted on 5/6/26 at 7:34 pm to lsuconnman
Check it out. It is a crazy world out there for public employees.
Posted on 5/6/26 at 7:34 pm to the808bass
quote:
While the bill maintains benefit continuity for members,
Until they blow the "surplus" they just stole and have to cut benefits.
Posted on 5/6/26 at 7:35 pm to Timeoday
The inlaws have been collecting a pension for 25 years now.
Basically the State has been paying them for 50 years and counting for about 25 years worth of "work".
Basically the State has been paying them for 50 years and counting for about 25 years worth of "work".
Posted on 5/6/26 at 7:36 pm to Timeoday
quote:
Check it out. It is a c
Your post was false though, as I pointed out.
Posted on 5/6/26 at 7:38 pm to Timeoday
quote:
I do not care what is is funded at. A government should not have the right to raid a pension!!
If it was a private pension, the perps would go to jail for fraud.
Posted on 5/6/26 at 7:39 pm to lsuconnman
I meant 10% after 5 but regardless, LEOFF is a great plan.
Posted on 5/6/26 at 7:40 pm to Mushroom1968
It was on 10% after 5.
Page 3 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News