Toll collectors deserve pensions

Toll collectors deserve pensions

There are 4 comments on the Berkshire Eagle story from Aug 14, 2009, titled Toll collectors deserve pensions. In it, Berkshire Eagle reports that:

In your Aug. 1 editorial you comment "an example would be the high salaries of turnpike toll collectors who remain eligible for pensions even though pensions are all but extinct in the private sector." I was not aware of the fact that toll collectors were overpaid.

Join the discussion below, or Read more at Berkshire Eagle.

Struthio Camelus

Easthampton, MA

#1 Aug 14, 2009
Welcome to the 1980s Robert; pensions (and unions) started going the way of the dodo nearly 30 years ago.

"A primary reason for the explosion of 401(k) plans is that such plans are cheaper for employers to maintain than a defined benefit pension for every retired worker. With a 401(k) plan, instead of required pension contributions, the employer only has to pay plan administration and support costs if they elect not to match employee contributions or make profit sharing contributions. In addition, some or all of the plan administration costs can be passed on to plan participants. In years with strong profits employers can make matching or profit-sharing contributions, and reduce or eliminate them in poor years. Thus 401(k) plans create a predictable cost for employers, while the cost of defined benefit plans can vary unpredictably from year to year."

From this taxpayer's point of view, a toll taker (unskilled labor), making nearly $60k per year, before overtime or 'holiday' pay, can fund and manage his own retirement plan like the rest of us.
SAL

Anderson, SC

#2 Aug 14, 2009
UNIONS are the WORST thing to have on/in OUR country.
Get rid of them-- so much of our money is GIVEN to people who do all but NOTHING!!!!!!!!!!

Good God-- when will the USA grow up!!!!!!!!
bodybuilder

Clockville, NY

#3 Aug 14, 2009
Unions are the parasites sucking the country dry. Union thieves and gangsters should go to hell. With this moronic oBUMa and his union henchmen we have very little chance to survive. Everybody will be robbed of their money to pay pensions to illiterate union crooks.
Hummm

Savannah, GA

#4 Aug 14, 2009
Retirement Savings Dude, welcome to the 20th Cetury ..... as soon as you catch up, we will bring you up to speed with the 21st.

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