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Exactly. Here in PA, the state police cost more in benefits and retirement than then cost for salary from day 1. Add to that their retirement is based on their
by snarf21 10y ago
Exactly. Here in PA, the state police cost more in benefits and retirement than then cost for salary from day 1. Add to that their retirement is based on their 4 best quarters and that includes overtime.
I'm not saying that they should be paid a good wage plus money for their high risk occupation. It is just that pensions are pyramid schemes and not sustainable. And anyone who says just raises taxes to make them sustainable is proving that they aren't sustainable.
We need to get rid of pensions and switch to fixed contribution. If people run out of money, then use taxes to fund social programs to help them.
- mavelikara 10y agoCounting overtime in that calculation is pure evil.
- tedunangst 10y agoPension spiking.
- snarf21 10y agoThe state has been unable to get the union to drop it. Also a few years ago there was a manhunt for a cop killer. The total cost was $11 million, largely all overtime. How much do you think that is going to cost taxpayers during the life of all of these cops' retirements? (a lot !!!)
- cm2012 10y agoPolice work is low risk compared to sanitation, logging, fishing, slaughterhouse work, other min wage positions...