Texas Proud
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- May 16, 2005
- Messages
- 17,266
OK... I am sure this will get a bit heated as there are two camps... but this came up during the weekend on a new segment...
They were talking about the upcoming pension crisis and how many states have a lot of trouble coming and how this is going to pit people against people.... then they talked to a NY policeman who retired at age 44(?, not sure) with 20 years of service... his pension is $101,000 plus for the rest of his life... I would bet is is COLA...
I am sorry, but I don't think someone should get full pension of 100% the day they leave either the military or a civil service job... especially when they can spike their pay... I mean, this guy worked 20 years and is likely to get 60 plus years of full salary out of the deal.. (they didn't say, but I bet they also pay for his health insurance)
Now, I do not have any problem giving a full pension with 20 years service when they get to 'retirement age'... but if you want it early, you should have it reduced... just my opinion....
They were talking about the upcoming pension crisis and how many states have a lot of trouble coming and how this is going to pit people against people.... then they talked to a NY policeman who retired at age 44(?, not sure) with 20 years of service... his pension is $101,000 plus for the rest of his life... I would bet is is COLA...
I am sorry, but I don't think someone should get full pension of 100% the day they leave either the military or a civil service job... especially when they can spike their pay... I mean, this guy worked 20 years and is likely to get 60 plus years of full salary out of the deal.. (they didn't say, but I bet they also pay for his health insurance)
Now, I do not have any problem giving a full pension with 20 years service when they get to 'retirement age'... but if you want it early, you should have it reduced... just my opinion....