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Old 03-06-2009, 05:58 PM   #81
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Is the employee contribution 100%? then the remainder is taxpayer - i.e. employer - contribution.
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Old 03-06-2009, 08:23 PM   #82
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Is the employee contribution 100%? then the remainder is taxpayer - i.e. employer - contribution.
but just as with any employer that makes a contribution to a pension fund for their employee it is a part of their employee's pay package. the way u talk u imply that the tax payers r directly paying the pensions of federal retirees which is not true. btw the federal pension fund is in pretty good shape but when necessary the gov raises the required contributions (both employee and agency) to keep it that way.
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Old 03-06-2009, 08:28 PM   #83
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Is the employee contribution 100%? then the remainder is taxpayer - i.e. employer - contribution.
But the question would still remain: does that contribution, when added to the total compensation, bring it in line with the private sector or jacking it higher? Frankly I have no issue with taxpayer contributions to a pension fund as long as it's considered part of the overall compensation which brings the total compensation package "in line" with the private sector.

What I resent is that many of these poorly run funds which overpromised and took too much risk will probably be bailed out with more of my tax money while the burning wreckage of my 401K will be allowed to rot.
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Old 03-06-2009, 09:26 PM   #84
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btw the federal pension fund is in pretty good shape but when necessary the gov raises the required contributions (both employee and agency) to keep it that way.
What a novel idea...
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Old 03-06-2009, 10:06 PM   #85
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Retirement plans of millions of Britons at risk after Bank of England 'prints money' - Telegraph

The risk to pension plans is only a Limey oddity, right?
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