[quote=CA renter]…If we get rid of the pension obligations for existing public employees (who usually pay more into their pension plans than SS beneficiaries pay into theirs), we’d need to get rid of the Social Security obligations for private sector employees, too. I’m sure all you “taxpayer advocates” would be on board with that. After all, fair is fair, right?[/quote]
Lol, CAR, I’m sure private and public employers alike would LOVE to get rid of their “funds-matching” FICA contributions for each employee! How much do you think this would raise their “profit margins?”
This is a poorly-understood concept for all those members of the “general public” who do not have a state, Federal and/or law-enforcement defined benefit plan. The vast majority are unaware that MANY classes of public employees do NOT have a choice. They MUST feed a large percentage of their salaries into their own defined benefit plans after a certain age and DO NOT have the right to collect Social Security.
