[Reality]

There is something seriously wrong with much of the “Baby Boomer” generation. They for the most part are the parents of these Millennials.

For some reason their kids, born mostly in the 1980’s, are “special”. Remember the “Baby on Board” signs in car windows?

They won’t kick their ADULT kids out because those kids are their best friends. My parents were not my friends when I was a young man. They were parents, IMHO as it should be.

[Reality]

There is something seriously wrong with much of the “Baby Boomer” generation. They for the most part are the parents of these Millennials.

For some reason their kids, born mostly in the 1980’s, are “special”. Remember the “Baby on Board” signs in car windows?

They won’t kick their ADULT kids out because those kids are their best friends. My parents were not my friends when I was a young man. They were parents, IMHO as it should be.

[Reality]

There is something seriously wrong with much of the “Baby Boomer” generation. They for the most part are the parents of these Millennials.

For some reason their kids, born mostly in the 1980’s, are “special”. Remember the “Baby on Board” signs in car windows?

They won’t kick their ADULT kids out because those kids are their best friends. My parents were not my friends when I was a young man. They were parents, IMHO as it should be.

[Reality]

Don’t you think those pensions were exceptional for the time? I don’t know anyone who was in line to get that level of retirement benefit in that era from a non government employer.

[Reality]

Don’t you think those pensions were exceptional for the time? I don’t know anyone who was in line to get that level of retirement benefit in that era from a non government employer.

[Reality]

Don’t you think those pensions were exceptional for the time? I don’t know anyone who was in line to get that level of retirement benefit in that era from a non government employer.

[Reality]

Don’t you think those pensions were exceptional for the time? I don’t know anyone who was in line to get that level of retirement benefit in that era from a non government employer.

[Reality]

Don’t you think those pensions were exceptional for the time? I don’t know anyone who was in line to get that level of retirement benefit in that era from a non government employer.

[Reality]

[quote=UCGal]

So – until Jan 2000 – I had a defined benefit pension from a publicly traded company (not government.) From 2000-2009 I had a portable pension from a publicly traded company (not government). This is in addition to 401k programs.

[/quote]

I understand and acknowledged that these kinds of plans were more common 10-15 years ago. What I haven’t seen you confirm is how generous they were.

The city of San Diego, I believe, awards 2.5% for each year and someone can retire at 55. So someone could start there at 25 and retire at 55 at 75% of their highest pay. Was your pension that good or close to it?

[Reality]

[quote=UCGal]

So – until Jan 2000 – I had a defined benefit pension from a publicly traded company (not government.) From 2000-2009 I had a portable pension from a publicly traded company (not government). This is in addition to 401k programs.

[/quote]

I understand and acknowledged that these kinds of plans were more common 10-15 years ago. What I haven’t seen you confirm is how generous they were.

The city of San Diego, I believe, awards 2.5% for each year and someone can retire at 55. So someone could start there at 25 and retire at 55 at 75% of their highest pay. Was your pension that good or close to it?

[Reality]

[quote=UCGal]

So – until Jan 2000 – I had a defined benefit pension from a publicly traded company (not government.) From 2000-2009 I had a portable pension from a publicly traded company (not government). This is in addition to 401k programs.

[/quote]

I understand and acknowledged that these kinds of plans were more common 10-15 years ago. What I haven’t seen you confirm is how generous they were.

The city of San Diego, I believe, awards 2.5% for each year and someone can retire at 55. So someone could start there at 25 and retire at 55 at 75% of their highest pay. Was your pension that good or close to it?

[Reality]

[quote=UCGal]

So – until Jan 2000 – I had a defined benefit pension from a publicly traded company (not government.) From 2000-2009 I had a portable pension from a publicly traded company (not government). This is in addition to 401k programs.

[/quote]

I understand and acknowledged that these kinds of plans were more common 10-15 years ago. What I haven’t seen you confirm is how generous they were.

The city of San Diego, I believe, awards 2.5% for each year and someone can retire at 55. So someone could start there at 25 and retire at 55 at 75% of their highest pay. Was your pension that good or close to it?

[Reality]

[quote=UCGal]

So – until Jan 2000 – I had a defined benefit pension from a publicly traded company (not government.) From 2000-2009 I had a portable pension from a publicly traded company (not government). This is in addition to 401k programs.

[/quote]

I understand and acknowledged that these kinds of plans were more common 10-15 years ago. What I haven’t seen you confirm is how generous they were.

The city of San Diego, I believe, awards 2.5% for each year and someone can retire at 55. So someone could start there at 25 and retire at 55 at 75% of their highest pay. Was your pension that good or close to it?

[Reality]

[quote=UCGal]

I think targeting your anger towards public union employees is missing the point. The public employee worker bees are not the problem. Until 10-15 years ago private employers offered similar benefits to private sector, non-union, employees.[/quote]

I’m not sure where you mean in the last 10-15 years. This sounds like something from another era, like the 1950’s or 1960’s. I’m not saying defined benefit pensions weren’t more common 10-15 years ago, but they couldn’t have been as rich as what we see in government.

Seriously, there were private employees getting 2.5% for every year worked starting at age 55 as recently as 15 years ago? Maybe at the Big 3 auto makers but how about in this part of the country? Every place I’ve worked going back to the 1980’s it’s been IRA or 403B or 401k usually with a modest employer match.

[Reality]

[quote=UCGal]

I think targeting your anger towards public union employees is missing the point. The public employee worker bees are not the problem. Until 10-15 years ago private employers offered similar benefits to private sector, non-union, employees.[/quote]

I’m not sure where you mean in the last 10-15 years. This sounds like something from another era, like the 1950’s or 1960’s. I’m not saying defined benefit pensions weren’t more common 10-15 years ago, but they couldn’t have been as rich as what we see in government.

Seriously, there were private employees getting 2.5% for every year worked starting at age 55 as recently as 15 years ago? Maybe at the Big 3 auto makers but how about in this part of the country? Every place I’ve worked going back to the 1980’s it’s been IRA or 403B or 401k usually with a modest employer match.

[Author]

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