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What Millenials can't see about McAbe pension: 20 years is short.
Posted by: 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 Congress repealed their pension two months later, due to public outcry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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Re: What Millenials can't see about McAbe pension: 20 years is short.
Posted by: Please Send Pain Killers ()
Date: March 17, 2018 08:55AM

OP - YOU ARE ONE REALLY WIERD ASS MOTHERFUCKER!

Does it hurt when you think you are thinking, because it hurts to read what you thought you should write about?

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Re: What Millenials can't see about McAbe pension: 20 years is short.
Posted by: yt3hv ()
Date: March 17, 2018 08:59AM

Government pension that pays "above poverty level" is FROUGHT TO ABUSE.

A worker with pension is "a made man" who doesn't need to work.


THIS PRESENTS A CARROT IN FRONT OF THE HORSE (referring to economic incentive programming) for government workers to ABUSE the private sector. It ALSO gives them extra ways and means to do so.


They insure the poor are frequently "dealt with" (fired from political family owned business: which are many more than people suspect, are arrested, ill, anything) to interrupt them so they are in-eligible for pension. This makes gov worker pension (and corporate office pension) to "go very, very much farther".

I did not say corporate heads because there is no law "allowing or dis-allowing" corporations to offer "pension racketeering". Generally: employees can choose not to work for a company with well known corruption problems.

THE SAME CAN BE SAID of union dues: there used to be NO union dues, today's dues are used mostly by criminals for "the high life".

Millennials are clueless how quickly "life pension after 4 yrs work" (or even 20) adds up and how it effects them if they have never "been invited" into a government job in their life.

.

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Re: What Millenials can't see about McAbe pension: 20 years is short.
Posted by: tumth ()
Date: March 17, 2018 09:01AM


the UNFORTUNATE thing is Trump's men are debating one man's pension

Ronald Reagan argued against all pensions. (noting he didn't write and get laws past to made head way)


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Re: What Millenials can't see about McAbe pension: 20 years is short.
Posted by: uutdb ()
Date: March 17, 2018 09:03AM

What does this mean to private sector workers who are pushed around (FIRED) continually but are expected to work their whole life?

Why don't such people get "automatic pension"?

WHERE IN THE LAW does it say it's legal to withhold pension for such people while it's legal to give GOVERNMENT SERVANTS pension for bouncing around within the government sector?


THERE ISN"T SUCH A LAW. It's %100 crime on the part of the government sector.


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Re: What Millenials can't see about McAbe pension: 20 years is short.
Posted by: wyxcl ()
Date: March 17, 2018 09:05AM


So one man dribbles his ball in the private sector at lower pay: is bounced around companies, gets no pension. The other dribbles in government work: has several jobs (move out of many due to lack of ability) and "good job security"

why does one man deserve "PENSION" and the other not?

absolutely absurd. but not absurd. people die in this "game"


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Re: What Millenials can't see about McAbe pension: 20 years is short.
Posted by: President Trump FTW! ()
Date: March 17, 2018 09:12AM

While I agree with the OP's message he's like the serial killer that cuts out letters to make notes with. Nobody reads that shit. The bold text and putting a % in the wrong place shows autistic nuances. He's still way smarter, better spoken and liked than editmanderer2.

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Re: What Millenials can't see about McAbe pension: 20 years is short.
Posted by: Gerrymanderer2 ()
Date: March 17, 2018 09:19AM

Do not read posts by crazy rightards. Its not healthy.

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Re: What Millenials can't see about McAbe pension: 20 years is short.
Posted by: Boring facts guy ()
Date: March 17, 2018 12:35PM

The OP has it backwards. Lifetime pensions after 20 years work is not a new phenomenon. The recent trend has gone the other way, requiring more workers to assume liability for providing for most or all of their retirement, and requiring workers to work longer for any lifetime pension benefits they do receive. This is even true among run of the mill government workers. It is only certain groups such as high paid executives, police, fire and the military who are still able to retire after 20-25 years service (or less) in their forties or fifties and get a full pension for life.

There may be two factors which cause the OP's confusion. If you were a policeman, fireman or railroad worker in earlier decades you would be used up by the time you reached 50, and would have died soon after retirement. Thanks to the reduced physical demands of jobs, better health care and Medicare which has made large amounts of medical care affordable to the elderly, more of those early retirees are living into their eighties and nineties.

The other is that with the passage of ERISA pension rights vest earlier, although not at full rates. Letting a private sector employee go early no longer means they get no pension. It means they get a reduced one.

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Re: What Millenials can't see about McAbe pension: 20 years is short.
Posted by: Icy Hot ()
Date: March 17, 2018 12:45PM

I got a fully funded 20 year pension for a job I started in 1982. Didn't have to contribute one cent.

The good old days!

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Re: What Millenials can't see about McAbe pension: 20 years is short.
Posted by: LEO disrespect ()
Date: March 17, 2018 01:04PM

Trump treats these FBI agents like they're punching the clock after 8 hour days with a long lunch. Most of them work more in 20 years then a regular schmoe works in 30.

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Re: What Millenials can't see about McAbe pension: 20 years is short.
Posted by: Muslim=Death ()
Date: March 17, 2018 01:23PM

Muslims are filth.

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