Join Early Retirement Today
Thread Tools Search this Thread Display Modes
Mariana Islands replace Illinois as #1
Old 05-24-2012, 09:30 AM   #1
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Chuckanut's Avatar
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 9,451
Mariana Islands replace Illinois as #1

It looks like Illinoise has lost its place as the most fiscally irresponsible government institution in regards to pensions.

Among other things, one only has to work three (3) years in the Mariana Islands to be able to take a pension at age 62. And after death the pension is payable not only to one's spouse but to one's children. Some pensioners have adopted their grandchildren after they started receiving their pension, so it looks like the payments will go on for a very long time.

Sorry, Illinoise. Somebody is even more generous than you.

Oh... one slight problem. The Mariana pension system is filing for bankruptcy. The courts are trying to decide if this is legal. Sounds like a win for the lawyers if nobody else.
The worst decisions are usually made in times of anger and impatience.
Chuckanut is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!


mariana pension

Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

» Quick Links

All times are GMT -6. The time now is 11:44 AM.
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.