Off-Topic: Military Pensions after 20 years service
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Name:   MartiniMan The author of this post is registered as a member - Email Member
Subject:   Military Pensions after 20 years service
Date:   9/9/2011 8:20:35 AM

Feb: My wife worked for EPA for 10 years and contributed to her TSP account with the federal gov't kicking in some cash. While for the most part she made less than I did (not by much) and contributed much less to her TSP account with the gov't match it is actually larger than my 401k (that I subsequently converted to an IRA). So while it is not a pension per se, it is additional funds being contributed to her retirement account just like a pension works.

For sure the ridiculous pension system with state and local governments is where we could save trillions. You hear all too often about these people that work 20 years for some agency, retire with a huge pension payment, take another gov't job and end up collecting more than one pension. The old unwritten compact was that if you worked for the government you were paid less than the private sector but got better benefits and greater job security. Once Dems realized they could buy votes via the SEIU and unionization of gov't jobs that got turned on its head. Now they make more, have a pension (you can't even say better because the vast majority of private sector workers have no pension) and better benefits. The world is turned upside down.

Either way I think we both agree that we should look for other ways to reduce pension costs before we consider the military.
Other messages in this thread:View Entire Thread
Military Pensions after 20 years service - 4691 - 9/8/2011 11:30:50 AM
     Military Pensions after 20 years service - MartiniMan - 9/8/2011 3:59:43 PM
          Military Pensions after 20 years service - Feb - 9/8/2011 7:46:08 PM
               Military Pensions after 20 years service - MartiniMan - 9/9/2011 8:20:35 AM
                    Military Pensions after 20 years service - Feb - 9/9/2011 9:12:38 AM
                         Military Pensions after 20 years service - MAJ USA RET - 9/10/2011 9:33:43 AM
                              Military Pensions after 20 years service - 4691 - 9/12/2011 1:39:09 PM
                                   Military Pensions after 20 years service - Talullahhound - 9/13/2011 8:12:01 PM
                                   Military Pensions after 20 years service - MAJ USA RET - 9/14/2011 2:47:48 PM
     Military Pensions after 20 years service - MrHodja - 9/8/2011 5:13:39 PM
          Military Pensions after 20 years service - Talullahhound - 9/8/2011 11:32:49 PM



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