[…] voters in San Diego approved a ballot measure that will place all newly hired city workers, except police officers, into a 401k retirement plan.
So, according to SK’s claims, the ballot initiative changes nothing, since 401Ks and pensions are all the same (but I wonder why the unions have been so vigorously fighting it…)
Anybody else want to try answering the question?
Why should the pubic-sector be paid in a drastically different form than the private sector?[/quote]
Really? The results of this vote PROVES that public sector employees are paid differently than private sector employees? I didn’t see that anywhere in the law. Maybe you can point to where it says that.
And while you’re at it, you could clear up your lie about what I said. I never said the ballot initiative changes nothing. I never said that 401Ks and pensions are the same. Does those lies really further your argument?
And nice job changing the subject on the SS benefits. Just to repeat, earlier you said that workers have to wait until 67 to collect social security. When the truth is, no one will have to wait until 67 until 2027. Are we talking about pensions today or pensions 15 years from now?