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Your retirement benefits are part of your total compensation package
Workers spent a career working with an understanding that they would be paid X amount and if they stayed on the job, their retirement would be Y amount
Can't change the rules after the benefit has already been earned
People in Hell want ice water.
When the good of one group threatens the solvency of everyone else, including that group, choices must be made.
You know this is a problem when even high profile Democrats are complaining about this, being that they are the reason most of this exists in the first place via public sector vote buying.
Everywhere, the writing is on the wall. In San Jose, reported The Washington Post recently, the roads are pocked with potholes, the libraries are closed three days a week, and a slew of city recreation centers have been handed over to nonprofit groups. Taxes have been raised, public services cut, and the number of city employees drastically reduced. Yet annual retirement payouts for public-sector workers continue to climb, thanks to lavish pensions that enrich municipal retirees with as much as 90 percent of their former salaries and court decisions barring pension benefits for public-sector employees from being rolled back.
The result, in San Jose and across the country, is the startling injustice of poor and working-class taxpayers forced to make do with less and less so that the gold-plated pensions of public-sector retirees, which already gobble an outsize share of government budgets, can keep devouring more and more.
Public pensions are eating taxpayers alive - Opinion - The Boston Globe
You know this is a problem when even high profile Democrats are complaining about this, being that they are the reason most of this exists in the first place via public sector vote buying.
Everywhere, the writing is on the wall. In San Jose, reported The Washington Post recently, the roads are pocked with potholes, the libraries are closed three days a week, and a slew of city recreation centers have been handed over to nonprofit groups. Taxes have been raised, public services cut, and the number of city employees drastically reduced. Yet annual retirement payouts for public-sector workers continue to climb, thanks to lavish pensions that enrich municipal retirees with as much as 90 percent of their former salaries and court decisions barring pension benefits for public-sector employees from being rolled back.
The result, in San Jose and across the country, is the startling injustice of poor and working-class taxpayers forced to make do with less and less so that the gold-plated pensions of public-sector retirees, which already gobble an outsize share of government budgets, can keep devouring more and more.
Public pensions are eating taxpayers alive - Opinion - The Boston Globe
just void the deals given to them.
Its their fault the republican party crashed the economy twice in one lifetime
A prosecutor will of course be limited to a set income and a private sector attorney could make much more depending on his gig. Suing Walmart and winning will skew those numbers and isn't exactly the same job. There are many different kinds of attorneys. Government spending declining 1% doesn't mean much since it could be downsizing the work force to downsizing budgets for anything but wages and benefits. Similarly, private increases don't mean it's going into the pockets of employees.I'll post the studies later. If you compare compensation for low skilled positions, ie a janitor, the janitor gets paid more in government. But if you look at skilled labor, ie a lawyer, accountant or an IT professional, the private sector pays more.
Government has taken more of a hit than the private sector the last few years. In 2013, government spending declined by 1% while the private sector rose by about 3%. That's total government, not just federal government.
Only 10% of all government workers are federal government workers. The rest are state or local. And something like 40% of those workers are employed in education.
This is spot on.I'll post the studies later. If you compare compensation for low skilled positions, ie a janitor, the janitor gets paid more in government. But if you look at skilled labor, ie a lawyer, accountant or an IT professional, the private sector pays more.
True but Toro's point stands here. A prosecutor is still a trial attorney, and most would command higher compensation in the private sector even if they aren't suing WalMart to win millions.A prosecutor will of course be limited to a set income
And you considered the benefits, health and retirement? I've seen numerous studies that say the public sector compensation has grown to surpass the private sector. It could be software developers aren't compensated as much for the same reason as attorneys, the potential high return from profits. It would be wrong for the government to charge tax payers for cutting edge Silicon Valley software or prosecutors the amount a high priced defense lawyer can rake in. I believe those are atypical examples and not reflective of the rest of the fields.A prosecutor is still a trial attorney, and most would command higher compensation in the private sector even if they aren't suing WalMart to win millions.
Your retirement benefits are part of your total compensation package
Workers spent a career working with an understanding that they would be paid X amount and if they stayed on the job, their retirement would be Y amount
Can't change the rules after the benefit has already been earned
Most pension plans have been re-written already but you can't raid compensation that has already been established through past work. Politicians of the past were incompetent. Is this news to anyone?
The same thing will happen with retiree health. The private sector is already switching to a cash balance approach as opposed to promising benefits.
Most pension plans have been re-written already but you can't raid compensation that has already been established through past work. Politicians of the past were incompetent. Is this news to anyone?
The same thing will happen with retiree health. The private sector is already switching to a cash balance approach as opposed to promising benefits.
If I understand you we are in agreement I will attempt to add.
No one should pay for someone else's retirement, plain and simple it is just an expensive form of welfare.
All public pensions that have been promised have to stay in affect. But any new hires will not get a pension--if deemed fair higher compensation in the form of a wage increase might be an option. Like if your government wage is lets say $30.00 per Hr. than eliminate the pension benefit and add maybe $5 to 10 dollars per hour to there wage. And this way the public is not tied into a unjust pension for government employees . This should never have been as there is a government pension for all called Social Security and one is enough.
And you considered the benefits, health and retirement? I've seen numerous studies that say the public sector compensation has grown to surpass the private sector. It could be software developers aren't compensated as much for the same reason as attorneys, the potential high return from profits. It would be wrong for the government to charge tax payers for cutting edge Silicon Valley software or prosecutors the amount a high priced defense lawyer can rake in. I believe those are atypical examples and not reflective of the rest of the fields.A prosecutor is still a trial attorney, and most would command higher compensation in the private sector even if they aren't suing WalMart to win millions.
And you considered the benefits, health and retirement? I've seen numerous studies that say the public sector compensation has grown to surpass the private sector. It could be software developers aren't compensated as much for the same reason as attorneys, the potential high return from profits. It would be wrong for the government to charge tax payers for cutting edge Silicon Valley software or prosecutors the amount a high priced defense lawyer can rake in. I believe those are atypical examples and not reflective of the rest of the fields.A prosecutor is still a trial attorney, and most would command higher compensation in the private sector even if they aren't suing WalMart to win millions.
Link to these "numerous studies" you've seen?
Absolutely. There are quite a few of them.And you considered the benefits, health and retirement? I've seen numerous studies that say the public sector compensation has grown to surpass the private sector. It could be software developers aren't compensated as much for the same reason as attorneys, the potential high return from profits. It would be wrong for the government to charge tax payers for cutting edge Silicon Valley software or prosecutors the amount a high priced defense lawyer can rake in. I believe those are atypical examples and not reflective of the rest of the fields.A prosecutor is still a trial attorney, and most would command higher compensation in the private sector even if they aren't suing WalMart to win millions.
Link to these "numerous studies" you've seen?
Absolutely. There are quite a few of them.Link to these "numerous studies" you've seen?
When was that? If you are talking about the last four years I don't believe you. The private sector has taking a beating while the public sector has increased pay and bennies. I don't know what you mean by adjusted for education, I wa scomparing job to job. Does it require more education for the public sector employee to do the same job?Adjusted for education, government workers are generally not paid better than in the private sector. That is absolutely true in the professions. I've worked for government, and we would have a very hard time attracting talent because the private sector paid way more. It's generally true, however, that unskilled labor gets paid better in government.
I'll post the studies later. If you compare compensation for low skilled positions, ie a janitor, the janitor gets paid more in government. But if you look at skilled labor, ie a lawyer, accountant or an IT professional, the private sector pays more.
Government has taken more of a hit than the private sector the last few years. In 2013, government spending declined by 1% while the private sector rose by about 3%. That's total government, not just federal government.
Only 10% of all government workers are federal government workers. The rest are state or local. And something like 40% of those workers are employed in education.
You can't read either. I said I have seen numerous studies saying public sector employees have gained and have surpassed their counterparts in the private sector in compensation. I can't go back in time and document the ones I saw and didn't "say that already". Try to understand word meanings instead of trying to distort them to fit an agenda. Since you are too lazy to do any research of your own:Absolutely. There are quite a few of them.Link to these "numerous studies" you've seen?
You said that already.
He was asking for links.
My wife works for the city and can retire with a full pension and healthcare at 80 points (age+service) so that would be 52 years old. Why should taxpayers pay for someone to just stop working 15 years earlier than everyone else, when she will likely be entering her best years as a productive employee?
It is fucking nuts, hell we can personally reap the benefits of it and I still think it is fucking nuts.
They've made a few reforms lately like 85 points and (I think) a minimum age of 55 but most are grandfathered in and even the reforms are still so stupidly out of wack with reality.
