Democrats should lead on pensions

Democrats should lead on pensions

There are 28 comments on the Long Beach Press-Telegram story from Jul 26, 2009, titled Democrats should lead on pensions. In it, Long Beach Press-Telegram reports that:

The bipartisan budget agreement reached this week in the Capitol does not include reforms of California's public employee pension system.

Join the discussion below, or Read more at Long Beach Press-Telegram.

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The beat goes on

AOL

#21 Jul 29, 2009
Educator, yes, private sector retirees do collect social security, if they have paid into the system, as they are required to do. Federal employees, including Congress, also get social security retirement benefits. Many state, county and municipal employees do not get social security during their retirements. They forreit any contributions they may have made into the system.

IMO, it's wrong that people who have paid into a program are ineligible to its benefits. OTOH, it's far worse to compel people to pay into a system (Social Security) that is a Ponzi scheme, made legal only because the government has set it up. Social security has been bankrupt for decades.

People who know finance would opt out of social security and happily waive their contributions for the right to do so.

On balance, civil service pensioners are much, much better off.
Educator wrote:
<quoted text>
If the person retiring is getting about 27K a year from their pension fund are they getting social security too? Many seniors I have talked to recently have told me that they get a pension and social security. Educators and it seems by honu's post, police officers too, do not get social security. I keep hearing about many workers getting health benefits paid too. Again we do not. I will have paid into my pension system for 35 years when I retire. I have also worked a second job for many years and I have paid into social security but will not be able to claim it. Don't get me wrong I am thankful for my pension but I too believe their seem to be many misconceptions about the pension system right now. Also I didn't realize that there were so many different formulas for state workers pensions.
The beat goes on

AOL

#22 Jul 29, 2009
By the way, social security is not intended to provide a sufficient retirement income. It's purpose was only to supplement a prudent retirement savings plan.
cal businessman

Mount Holly, NJ

#23 Jul 29, 2009
you bleeding heart liberals elected these morons to office. so stop whining and start paying me i closed all my west coast production and am moving the company to North Carolina I'm taking my top 7 executives and laid off the rest of my workers(150) with the new automation I've purchased i will only need 85 workers so i can pay them more than i paid my Ca. workers and still give the full medical and a better 401k and i won't be taxed to death by Sacramento. enjoy the beach folks
Thomas Joyner

Long Beach, CA

#24 Jul 29, 2009
Every one knows that the pigs who feed at the public trough are always better off then the filthy taxpaying scum who are forced to support them.
honu

Rancho Cucamonga, CA

#25 Jul 29, 2009
The beat goes on wrote:
On the other hand, what does need to happen is that the populace must get riled up for the system to change. Informing voters about a few abusers is more likely to accomplish that.
Much as I would love for our public safety personnel to have awesome pensions, the current civil service pension deals cannot be sustained. People are being laid off in order for gov't to have money to pay current retirees. That's crazy. It will worsen, too. The actuarial numbers cannot be changed, therefore the pension deals must be.
While I understand what you are trying to convey, by looking the other way when the media tries to manipulate public opinion by only report part of the story, you acquiesce to the notion that "the end justifies the means"... that dishonest reporting and opining in this instance, will help provide the "proper" result.

That is a dangerous position to take. This time around, a press with a hidden bias, may work in a particular groups favor... however, next time, it may not.

You and I can differ on the pros and cons of the pension system as it is currently configured, but I would hope everyone here agrees, that a trustworthy and fair press, is in everone's best interest.
honu

Rancho Cucamonga, CA

#26 Jul 29, 2009
The beat goes on wrote:
Educator, yes, private sector retirees do collect social security, if they have paid into the system, as they are required to do. Federal employees, including Congress, also get social security retirement benefits. Many state, county and municipal employees do not get social security during their retirements. They forreit any contributions they may have made into the system.
IMO, it's wrong that people who have paid into a program are ineligible to its benefits. OTOH, it's far worse to compel people to pay into a system (Social Security) that is a Ponzi scheme, made legal only because the government has set it up. Social security has been bankrupt for decades.
People who know finance would opt out of social security and happily waive their contributions for the right to do so.
On balance, civil service pensioners are much, much better off.
<quoted text>
You and I are in agreement regarding this issue.

I worked for fifteen years within the Social Security system and will not receive one red cent for all my contributions. I can only hope those dollars can help someone else's retirement go a little easier.
Educator

Long Beach, CA

#27 Jul 30, 2009
The beat goes on wrote:
Educator, yes, private sector retirees do collect social security, if they have paid into the system, as they are required to do. Federal employees, including Congress, also get social security retirement benefits. Many state, county and municipal employees do not get social security during their retirements. They forreit any contributions they may have made into the system.
IMO, it's wrong that people who have paid into a program are ineligible to its benefits. OTOH, it's far worse to compel people to pay into a system (Social Security) that is a Ponzi scheme, made legal only because the government has set it up. Social security has been bankrupt for decades.
People who know finance would opt out of social security and happily waive their contributions for the right to do so.
On balance, civil service pensioners are much, much better off.
<quoted text>
Yes and so are some workers who still have defined benefit pensions. In order to help future generations the pension system must be reformed. It will be an interesting but much needed debate and one we will need much more information on.
oscar jenkins

Long Beach, CA

#28 Jul 30, 2009
Educator wrote:
<quoted text> Yes and so are some workers who still have defined benefit pensions. In order to help future generations the pension system must be reformed. It will be an interesting but much needed debate and one we will need much more information on.
The Dems refused to change the usustainable pensions on new hires.

You must remember that our State's Dem pols are wholly owned by the Unions.

The State Dems know they are free to destroy at will as long as they serve the Unions never ending demands for more and more taxpayer funded Tribute.

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