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I think if you had a contract stating you should get ABC XYZ then they should honor that. If they're not it's time to file a class action lawsuit. I think most of us here on this site represent middle class working people otherwise this would be a Lamborghini website. Maybe now is a good time to reconsider serving as a fireman, there are many other jobs/careers that will help people and maybe even on a much higher level for you but to be honest you shouldn't choose your profession based on a promise of a retirement pension.
I have always believed in free market. That is what made this country great. That said, I feel local governments will be making things worse in the long run. I will not recommend anyone enter public servitude in the future. If gov'ts continue to reduce benefits and pay, the public at large will see the effects quickly. There will be no reason to remain working in the same area for long periods of time. More money will be needed to train employees, because of the turnover rates. Litigation lawsuits will increase dramatically because there will always be a high number of "rookies" on fire and police departments, and the lack of seasoned veterans to guide them will not be there. These are areas that cannot afford less experience (ems, fire, police) where life decisions are made instantly everyday. I am afraid the politicians will only look at current, tangible expenditures...staff salaries and pension payouts and not see other factors mentioned above. In the long run everyone suffers. Salaries will then start to increase because of this and this cycle will start all over again. All this can be prevented by understanding that lower salaries and much reduced benefits are not the answer.
I read some interesting stats the other day. The article said there were currently 5 states that have said collective bargaining for educators is illegal. Those five states have the some of the lowest SAT scores in the country. The highest ranking among them was 39th. How do we compete in a global marketplace with scores like these?
they even put removing the CBA stuff in afinancial bill so that the govener's veto power is removed. dirty trick.
it was a p0nzi scheme based on taxes paid in by the tax payer- It never existed.
now the public sector is getting what the private sector got and has had for 20 years
Quotethey even put removing the CBA stuff in afinancial bill so that the govener's veto power is removed. dirty trick. Ah, but think of it this way. The governor probably likes that it was done this way, making it appear he had no choice. Political Games.
Quotenot quite right. Depends on the state I assume, but, state and local workers pay their percentage of their salary into the respective retirement system. It was set up this way so our weekly paychecks wouldn't be as much, but, our future was taken care of. You paid a small percentage, with the rest coming from tax revenue. As long as the tax base is there, you are fine....If not, no money goes in. This is the same issue with Social security. For each person receiving, there needs to be 10 contributing.... Classic Ponzi schemes... QuoteThe private sector salaries, as a whole, are usually higher. The enticement of gov't jobs is the benefits, not the salary. And, suppose a private sector worker paid 8% of their salary into a 401k and then the CEO of their company all of the sudden says, "No, I think I am going to take those investments away--all of it--even though it isn't mine to take" What would yo then say? 1- Not true at all. I have a friend in WI who is in the same boat. She is in the teachers union. she is a janitor (maintenance engineer) After 12 years, she gets 40 PAID days off a year. Her pension (after 20) is 1.2 million dollars. She makes almost 75K a year. Any other janitor in the private sector is lucky to make 35K a year. Another friend works in a VA hospital in DE. She makes almost twice the money that she would make in a "private" hospital.....
not quite right. Depends on the state I assume, but, state and local workers pay their percentage of their salary into the respective retirement system. It was set up this way so our weekly paychecks wouldn't be as much, but, our future was taken care of.
The private sector salaries, as a whole, are usually higher. The enticement of gov't jobs is the benefits, not the salary. And, suppose a private sector worker paid 8% of their salary into a 401k and then the CEO of their company all of the sudden says, "No, I think I am going to take those investments away--all of it--even though it isn't mine to take" What would yo then say?
She is in the teachers union.