2nd Light Forums |
Topic Title: Public Pension Plans Topic Summary: Straining state and local gov budgets Created On: 07/02/2022 06:03 PM |
Linear : Threading : Single : Branch |
- grdsurf | - 07/02/2022 06:03 PM |
- StirfryMcflurry | - 07/02/2022 06:33 PM |
- LBLarry | - 07/08/2022 02:31 PM |
- StirfryMcflurry | - 07/08/2022 05:44 PM |
- RobdaSlob | - 07/09/2022 04:34 AM |
- Cole | - 07/10/2022 08:12 AM |
- 426Blue | - 07/11/2022 12:40 PM |
- RustyTruck | - 07/11/2022 01:17 PM |
Topic Tools
|
07/09/2022 04:34 AM
|
|
The only problem with any pension is convincing those that fund it that it is worth the investment.
When interest rates are really low (pre-2022) the idea of borrowing money to invest made sense. This is what the wealthy have done through that whole period of low rates.
Private sector has walked away from offering pensions. Too expensive. Public sector has kept it. I have worked both.
The difference is in pay. Private sector has unlimited upside potential in pay. But it is volatile and with risk. Public sector has low risk, low reward - one could say guaranteed paycheck. The private sector employee has to figure out what to do with that money. I make more than twice what I made in public sector but I bank that delta so I have a retirement. The public sector employee has to learn to live with mediocre in every aspect of their life yet knows among all else they will have a paycheck come pay day.
------------------------- Even a blind hog finds an occasional acorn |
|
|
|
FORUMS
:
NPNR
:
Public Pension Plans
|
Topic Tools
|
FuseTalk Basic Edition - © 1999-2024 FuseTalk Inc. All rights reserved.
First there was Air Jordan .