kyounge1956
Thinks s/he gets paid by the post
- Joined
- Sep 11, 2008
- Messages
- 2,171
This is in response to a post on "Should Public Pensions start Later?" nun wrote:
So, how would we go about creating "retirement security for all"? It seems to me there are several basic options already in existence:
to which ziggy replied:It's ironic that getting a pension at 55 is an issue on an ER forum. If the arguments were solely financial I could understand it, but there is a streak of envy and outrage that mystifies me. I have yet to read a comment that starts " It's great that you can get a pension at 55, if there are problems with funding we should fix them while protecting the availability at 55".(snip)
Maybe as soon as those who have pension plans start caring about the increasingly raw deal the private sector "have nots" are getting, that can be arranged.
I don't exactly read many comments from someone who has a nice pension for ER who says they are concerned for the raw retirement deal those without pensions are increasingly getting. ... How about we defend retirement security for everyone regardless of where their paycheck comes from??
So, how would we go about creating "retirement security for all"? It seems to me there are several basic options already in existence:
1) government-based plans, e.g. Social Security,
2) employer-based plans, e.g. defined benefit pensions, and
3) self-directed plans, e.g. IRAs and defined contribution plans, to which I would add a fourth possibility which AFAIK is not available at this time
4) voluntary cooperative plans
Unfortunately Monday is not my night to stay up late, or I would flesh this out a little more with some thoughts on the advantages and disadvantages of each. I hope this is enough to start the ball rolling.2) employer-based plans, e.g. defined benefit pensions, and
3) self-directed plans, e.g. IRAs and defined contribution plans, to which I would add a fourth possibility which AFAIK is not available at this time
4) voluntary cooperative plans