OnePercenter
Gold Member
- Apr 10, 2013
- 23,667
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Who gave the city retirees such outrageous pensions?the Chicago Chief of Police was fired, his pension will pay him 187k for the rest of his life. 100 times more money than he put in. dude, stop with the stupid.
We need a federal law that limits pensions to a multiple of their salary.
Better yet, eliminate "defined benefit" pensions and only allow 401Ks, so there are no future payments.
Why shouldn't American Workers have good pensions?
Only allow 401k's? How did your 401k do over the past two days?
Pensions are a thing of the past. What companies used to do is fire or layoff the worker right before they had enough time in to collect the pension. I seen that at a company I once worked for. People spend their entire life at a place doing a good job, and because they had a pension with the company from many years ago, they lose their job.
That's why Unions are so important.
If they had a union, they probably would have had to close down due to foreign competition. That's why unions can't survive in today's America.
Private Unions can't survive in today's America because investors want mo' money.