Originally Posted by randyman65
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.
"Hey, for every ten dollars, that's another hour that I have to be in the work place. That's an hour of my life. And my life is a very finite thing. I have only 'x' number of hours left before I'm dead. So how do I want to use these hours of my life? Do I want to use them just spending it on more crap and more stuff, or do I want to start getting a handle on it and using my life more intelligently?" -- Joe Dominguez (1938 - 1997)