How employers ever got talked into pensions I'll never know.
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Looks like Matts pension plan is on hold...
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"When the people find that they can vote themselves money, that will herald the end of the republic." -Benjamin Franklin
"A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury." -Alexander Fraser Tytler
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Originally posted by DOHCTR View PostFuck retirement. My Grandpa worked till the day he died, and my Dad swears that he will die in the saddle too. Hell, I get bored on long weekends and the concept of just staying at home and twiddling my thumbs while waiting to die scares the hell out of me.
Financially, I want the option to retire. That doesn't mean I'll do it. I see retirement as owning a race team in some form or fashion.
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Originally posted by DON SVO View PostHe is fine, the changes would affect new pension plans activated.
But Stephen Hall, president of the Fort Worth Police Officers Association, called the proposed reductions excessive.
"I can't support changes to current employees. They were hired under a contract, a promise that these conditions would exist throughout their employment. Now the city is wanting to break that promise," he said.Originally posted by SSMAN...Welcome to the land of "Fuck it". No body cares, and if they do, no body cares.
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I always laugh when I read those articles because the city employees and their unions are such money grubbing whores who want to work the system. If I was the Ft. Worth mayor I would order no changes at all to the system. Hell, give them more money! The sooner the system goes broke, the better. Just like social security.
There is a fundamental change in thinking that is about to happen in this country, IE the idea that government money is endless and just rains down from the sky to fill the pockets of certain people. And it will either change through bargaining or the bond markets will make the change that the unions and the politicians refuse to make. The City of San Bernardino is a great example, they went bankrupt today. I wonder how that city's employees feel this morning? I bet a 40-50% pay cut to retirement checks in a bankruptcy scenario tends to get everyone's attention!Originally posted by racrguyWhat's your beef with NPR, because their listeners are typically more informed than others?Originally posted by racrguyVoting is a constitutional right, overthrowing the government isn't.
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"Let's just adjust this annual return assumption to something more realistic ... 9% sounds good. I think a 6% discount rate sounds good too." See everyone is fine, it's just these new hires that are fucked, lol.Originally posted by davbrucasI want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.
Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?
You and slow99 should date. You both have passive aggressiveness down pat.
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Originally posted by slow99 View Post"Let's just adjust this annual return assumption to something more realistic ... 9% sounds good. I think a 6% discount rate sounds good too." See everyone is fine, it's just these new hires that are fucked, lol.Originally posted by racrguyWhat's your beef with NPR, because their listeners are typically more informed than others?Originally posted by racrguyVoting is a constitutional right, overthrowing the government isn't.
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Originally posted by slow99 View Post"Let's just adjust this annual return assumption to something more realistic ... 9% sounds good. I think a 6% discount rate sounds good too." See everyone is fine, it's just these new hires that are fucked, lol.Originally posted by Broncojohnny View PostMeanwhile bonds still pay nothing and the stock market just took a dump. Yep, we'll have no problem making that 9% this year!
Besides, all we have to do is raise taxes on the fat cats.
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Originally posted by sc281 View PostI'm the exact opposite. I am cutting all nonessential expenses, aside from nice vacation or two a year, so I can retire on my savings in some tropical island (lost cost of living of course) like the phillipines or cozumel when I turn 45 in 20 years.
My absolute dream is to get a personal fishing boat and spend my days on the beach/sea while taking the occasional client out on a fishing/sightseeing tour.
Heck, In a few years I might just transfer branches down to florida and live on a houseboat or something while I'm saving.
<----Same idea, but in the Virgin Islands.
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Originally posted by talisman View PostDon't rule Belize out."When the people find that they can vote themselves money, that will herald the end of the republic." -Benjamin Franklin
"A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury." -Alexander Fraser Tytler
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