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That’s why nobody shall rely on pension plan. Ya a scam. Just take the money and invest on your own terms.
by moltar 8y ago
That’s why nobody shall rely on pension plan. Ya a scam. Just take the money and invest on your own terms.
- stevenwoo 8y agoOff the top of my head, what is the difference between these pensions and a.) public employee pensions like state/county/municipal employees or police/fireman pensions at full pay of last year of service b.) military retirement at half pay after 20 years of service? Those seem like a really good deal for the retiree ( that also look unsustainable in some areas for a.) at least)
- moltar 8y agoI don’t know exactly how it works in all areas to be honest. But if there’s a pension deduction, and one is able to withhold it and invest on their own, I think it should be the default choice. Military is a whole different story. They need to incentivize people somehow and it ain’t going to be ping pong tables and beer fridge.