4 ms·

Good for them! It'd be nice to see a software engineering guild emerge in the coming years. Think about the benefits we could accrue; I for one would strongly p

Good for them! It'd be nice to see a software engineering guild emerge in the coming years. Think about the benefits we could accrue; I for one would strongly prefer a real pension to a 401K.

bjornsing 4y ago
Oh yea? You can have mine, if you give me your 401k. (It’s like $20k per year, and you’ll pay taxes on that when the day comes. You may have to move to Sweden to survive on it.)
- granshaw 4y ago
  Many pensions are based on a percentage of the persons salary at a point in time, so no, it’s not always “20k a year”
- kieselguhr_kid 4y ago
  I suspect you're conflating your state pension everyone gets with a job-based pension that pays a percentage of your salary. And even if not, I know plenty of people, even teachers and other low-paid workers, whose pensions are much better than that.
  - busterarm 4y ago
    Even though we're already 3 decades into blatantly clear evidence that the economics of pensions destroy both company and municipality alike (especially in high-paying, high-tax US markets where pensioners draw their pension but relocate to low-tax/no-tax states to live their life and spend it), we're facing real declining birth rates on the horizon which are making that even more true. The State of New Jersey, despite proximity to NYC and all of the income that brings has been financially on the brink of collapse due to pensions since the 70s. It would be wise of you to listen to the Swedes and Norwegians when they complain. They have some of the most funded and legally-guaranteed pensions in the world while economically times are becoming tougher and tougher for their citizens. Especially for the Norwegians it's looking like pensions can't even cover basic living expenses Norwegians face _THIS YEAR_ and that's on the back of fantastic oil wealth.

4 ms·

Good for them! It'd be nice to see a software engineering guild emerge in the coming years. Think about the benefits we could accrue; I for one would strongly p

by kieselguhr_kid 4y ago

Good for them! It'd be nice to see a software engineering guild emerge in the coming years. Think about the benefits we could accrue; I for one would strongly prefer a real pension to a 401K.

bjornsing 4y ago
Oh yea? You can have mine, if you give me your 401k. (It’s like $20k per year, and you’ll pay taxes on that when the day comes. You may have to move to Sweden to survive on it.)
- granshaw 4y ago
  Many pensions are based on a percentage of the persons salary at a point in time, so no, it’s not always “20k a year”
- kieselguhr_kid 4y ago
  I suspect you're conflating your state pension everyone gets with a job-based pension that pays a percentage of your salary. And even if not, I know plenty of people, even teachers and other low-paid workers, whose pensions are much better than that.
  - busterarm 4y ago
    Even though we're already 3 decades into blatantly clear evidence that the economics of pensions destroy both company and municipality alike (especially in high-paying, high-tax US markets where pensioners draw their pension but relocate to low-tax/no-tax states to live their life and spend it), we're facing real declining birth rates on the horizon which are making that even more true. The State of New Jersey, despite proximity to NYC and all of the income that brings has been financially on the brink of collapse due to pensions since the 70s. It would be wise of you to listen to the Swedes and Norwegians when they complain. They have some of the most funded and legally-guaranteed pensions in the world while economically times are becoming tougher and tougher for their citizens. Especially for the Norwegians it's looking like pensions can't even cover basic living expenses Norwegians face _THIS YEAR_ and that's on the back of fantastic oil wealth.