[quote=SD Realtor]Or all of us stiffs get the same pension plan as them.
I like that one better.
Why should they be the only ones who get a pension?[/quote]
Social Security IS the private sector’s DB pension system. In both cases, employees and employers pay into the retirement system. In both cases, employees get a specific benefit for life. In both cases, they get cost-of-living increases to offset inflation. Both systems are backed by the government. Public employees and employers pay more into the system, and it is also a form of deferred compensation, so public employees tend to have higher benefit payments.
Now, I agree that some aspects of both systems are unworkable. But let’s keep things honest here.
