What Millenials can't see about McAbe pension: 20 years is short.
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pensions during Reagan
()
Date: March 17, 2018 08:42AM
In the 1980's most or many companies DID NOT OFFER pension (cp: YOU GOT ALL THE MONEY UPFRONT, NOTHING WITHHELD), others gave pension after 40 years of work. HOWEVER this was never protected by law: companies often fired workers just before retirement.
It wasn't until recent (last few decades) (cops, feds, etc) could retire after 20 yrs: that's very new in US History. A fact Democrats create lying media to cover up: they had no right to "double dip" and deserve claw back.
Members of Congress voted to extend pension benefits to the legislative branch under the CSRS (formerly limited to the executive branch) in January 1942 under a provision of P.L. 77-411. Congress repealed their pension two months later, due to public outcry
After WWII "Congressional pensions" (passed by Congress) were passed during the night time.
Presently, Congress has to work just 4-6 years to receive LIFETIME PENSION PAYMENTS.
Still want to elect the legal maximum number of Congressman every 2 years?
Will outcry ever take it away? Or teacher pay?
Trump hasn't mentioned Congress and Fed agency Pension, nor "Teacher pay / county agency pay" versus "pay throughout a small town".
MONEY MATTERS. MAGA can't be hemorrhaging profits on government losses: government in USA is chartered and legally SERVANTS not masters.
Former congressman Ron Paul refused to participate in the congressional pension system, labeling it "immoral."[8] North Carolina congressman Howard Coble did not participate in the pension system, either.[9] He campaigned against the system in his first campaign in 1984.
There is a God, a devil, and that man beat the crap out of the worst of devils that approached him.
What millenials also don't know is pension systems are often "CORRUPT" - there's a very high chance a mob (or worse: congress) connects with the money and siphons it off - causing catastrophy later when "the pension system fails" (THIS HAPPENED TO GENERAL MOTORS DURING GUESS WHO? OBAMA).
There IS something good about getting pay all upfront. Less corporate overhead (lower corporate cost), Less legal and bank fraud. More pay. Easier "system". You invest your savings: not some nuts on WallStreet who love seeing pension systems fail.
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