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Home › Forums › Other › My next door neighbor was a cop, still under 60, been retired for more than 5 yrs › harvey wrote:Now that you

June 13, 2012 at 2:32 PM #745619
UCGal
Participant

[quote=harvey]Now that you mention it, I think it was you.

Do you only agree with Jerry that there is a problem, or do you also agree with his proposed solution?

http://gov.ca.gov/docs/Twelve_Point_Pension_Reform_10.27.11.pdf%5B/quote%5D
Not SK and hesitating to re-engage with you… but I also agree with Brown’s proposals.

For one it acknowledges that 401(k)s put 100% of the risk on the employee – and he proposes a hybrid. I’m fine with that.
It also specifically addresses spiking and bases pension on regular pay (no overtime/bonuses in the calculations)…

I joined this thread because you keep saying that everyone should be on 401ks – that pensions are bad. I tried to point out the risk of that.

This proposal acknowledges the risk of 401(k) only being entirely born by the employee and mitigates it by keeping defined benefit pensions as part of the plan.

Stepping back out.