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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
 Public Pension Plans   - grdsurf - 07/02/2022 06:03 PM  
 Public Pension Plans   - StirfryMcflurry - 07/02/2022 06:33 PM  
 Public Pension Plans   - LBLarry - 07/08/2022 02:31 PM  
 Public Pension Plans   - StirfryMcflurry - 07/08/2022 05:44 PM  
 Public Pension Plans   - RobdaSlob - 07/09/2022 04:34 AM  
 Public Pension Plans   - Cole - 07/10/2022 08:12 AM  
 Public Pension Plans   - 426Blue - 07/11/2022 12:40 PM  
 Public Pension Plans   - RustyTruck - 07/11/2022 01:17 PM  
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 07/09/2022 04:34 AM
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RobdaSlob

Posts: 245
Joined Forum: 07/24/2003

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.

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Even a blind hog finds an occasional acorn
FORUMS : NPNR : Public Pension Plans

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