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All of these things are good for workers, their quality of life, and the quality of their work, and American workers deserve those things.
by mplewis 3y ago
All of these things are good for workers, their quality of life, and the quality of their work, and American workers deserve those things.
- IG_Semmelweiss 3y agoDefined benefit plans?? The only defined benefit plan left is social security , which is fast going into insolvency in exactly a decade, and where it will automatically be cut 25% once that happens!
- smugma 3y ago“contrary to a common misunderstanding. In 2035, if nothing else is done, the program could pay 80 percent of scheduled benefits, mostly out of workers’ ongoing contributions, a figure that would slip to 74 percent in 2096” https://www.cbpp.org/blog/social-security-is-not-bankrupt https://www.cbpp.org/blog/social-security-is-not-bankrupt
- IG_Semmelweiss 3y agoThanks for the 5% correction. I'd have to research more to be sure, but I'll give you the benefit of the doubt. My point remains, to be in support of defined benefits, you must not be OK with unilaterally changing the de-facto definion of defined-benefit for SS? How is it OK to literally pull the rug under people that paid - all their lifes - with the promise to get X on retirement, and will now get X-Y instead ?
- IG_Semmelweiss 3y agoactually, you are not correct either. The exact figure is 77.5% https://en.wikipedia.org/wiki/Social_Security_(United_States) https://en.wikipedia.org/wiki/Social_Security_(United_States...