San Diego Housing Market News and Analysis
Question for those of you opposed to government pensions.
User Forum Topic
Submitted by UCGal on June 6, 2012 - 4:38pm
I see a lot of comments here about how government pensions are ruining the world. (Ok - maybe not that extreme... but pretty close)
For those of you that would like to reform/eliminate government pensions for civil service workers... do you also want to eliminate military pensions?
I lurk on the eary-retirement.org forums and many of the folks who are retired early, or planning to retire early, are able to do so because they put in 20 years of military service. They qualify for a pension and medical insurance their families. It seems like a pretty sweet deal. Sweeter than many civil service workers.
Why is the bashing never directed towards them?
(FWIW - I think public pensions should be reformed to eliminate spiking, be based exclusively on base wages w/no overtime, and be directly proportional to years of service. I have a (very small) private defined benefit pension that was frozen when my company was bought. I also have a very small "portable" pension that was frozen in 2009 and then underfunded making it less portable. I am a fan of properly funded pensions as a perk for employees... but that seems to have gone the way of the dodo bird.)
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