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Subject:  Re: Retirement savings benchmark Date:  1/22/2013  2:35 AM
Author:  aj485 Number:  71290 of 88435

So, you don't have access to a 401K?

I do have access to a 401(k) plan - that, along with IRAs and taxable accounts is what makes up the 'personal retirement savings' because that's funded mostly by me. (Yes, at times, but not always, I have gotten a match on my 401(k) - but over the years, it's been maybe 10% - 15% of the total contributions to my personal retirement savings.)

I never said State of Florida employees are unhappy.

With all the statements about how bad the pensions are, that's certainly the impression that I was given, although you never actually came right out and said they are unhappy.

But, don't make them out as getting fat, dumb, and happy off the taxpayers either. They are the lowest (or second lowest) paid State employees in the nation and the pension is ranked about the same insofar as the benefits received.

The point is, they get a pension. Over 80% of private sector workers won't. And in my case, being one of the few who will actually get a pension, it will be a very small part of my retirement income - maybe enough to go out to eat a few times each month.

If you are so unhappy, maybe you should take your own advice.

Actually, I'm happy that I don't have to count on taxpayers to fund a large portion of my retirement, because I think that many of the governmental organizations that have promised these pensions are going to have a difficult time meeting their obligations. I'm not counting on SS either - if I get anything from that, it will be a bonus.

But multiple posts complaining about how bad the promised pension benefits are seemed like carping to me, especially since whatever 'little' pension will be received is vastly greater than what most private sector employees will get.

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