The Motley Fool Discussion Boards
Retirement Discussions / Retired Fools
|Subject: Re: Retirement Locations||Date: 5/29/2011 2:23 PM|
|Author: fleg9bo||Number: 17186 of 19511|
As a follow-up of sorts, this article just appeared in this morning's paper:
The prospect of budget-busting costs to bail out the state's public employee retirement fund has been dogging government employers across Oregon since the financial market meltdown in 2008.
Contribution increases kick in come July, adding $1.1 billion to taxpayers pension fund tab for the 2011-2013 budget cycle, effectively doubling their PERS bill.
Nice, and many thanks to the Democrat office holders of the past for setting this up (and who, just coincidentally I'm sure, get the bulk of their campaign contributions from the public employee unions). While private-sector workers face stagnant or reduced wages if they're lucky enough to remain employed, they also get to see more of their taxes go to ensure that public employee union members get to retire on cushy pensions and with great health-care benefits at age 55 (while less of their taxes goes to state services they might benefit from, like state parks).
There may not be any state cops out there keeping the highways safe anymore, but the gratitude of that DMV clerk whose early retirement and doctor visits we're paying for more than makes up for it.
|Copyright 1996-2015 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|