Many states were in very poor financial difficulty before the virus hit. Many of these same states are paying outlandish retirement benefits to state workers. One Cali employee recveives over $400,000 annually in pension benefits. So should the taxes from the average US family be used to prop up pensions like these in Cali, Illinois, New York, New Jersey, ect. or should those states file for bankruptcy and start over?
If a pension was promised to you as part of your pay then state better provide it for you.
Was that 'one employee' data an average for a single state employee or and example of a single, specific employee? Either way provide a source.
Apr 23, 20 2:44 pm ·
·
atelier nobody
I can't speak for that specific $400,000 example, but the way California's public employee pensions are structured, the maximum anyone can get is 90% of their highest salary, so Mr. 400K would've had to be very high up. There are some public employees in CA that make that kind of money - not sure if it's still true, but at one point the highest paid government employee in the world was the Sheriff of LA County.
is this a leftist organization? it looks to me you don't know what you're talking about, and naming random states you just don't like, just like moscowmitch.
"Last year, the California Public Employees’ Retirement System (CalPERS) issued 30,969 pension checks that were worth $100,000 or more on an annualized basis, according to newly released pension payout data from TransparentCalifornia.com."
Either it is dumped on the US taxpayers in general, and their kids and grandkids as part of the exploding deficit, or the states will have to restructure and reduce the pensions.
Apr 23, 20 3:35 pm ·
·
Non Sequitur
so, you're actually saying earned pensions need to be reduced? Should the gov also dip into your saving accounts too?
did you know- in general govt employees are paid much lower wages and zero bonus than private sector, but most people in govt still work there for the pension?
Apr 23, 20 4:02 pm ·
·
Volunteer
Then you won't mind paying additional federal taxes so the CA/NY/NJ/CT/IL retirees can continue to retire in luxury.
Apr 23, 20 4:06 pm ·
·
newbie.Phronesis
If you're looking for money, pretty sure could take some out of that overblown military budget for once. But tbh the States are kind of screwed anyway with how the pandemic's being handled...
Do states still have to pay pensions if the retiree passes away? There's a new virus going 'round targeting pensioners apparently...
Apr 23, 20 5:22 pm ·
·
atelier nobody
An employee can choose to receive less than 100% of their pension and elect to have a spouse (or anyone else) continue to receive it after their death, but it's not automatic. I believe there is some amount of survivor benefit that everyone gets, but IIRC it's a one-time payout of about a year's worth.
Apr 23, 20 6:21 pm ·
·
randomised
So, with more pensioners dying from the c, states would basically have to pay less pensions...
if Socialist - Work for government and get full benefits, room and board and some spending cash. No property ownership, but you're fully taken care of from A-Z.
if Libertarian Capitalist - You work you make money. No taxes but you get nothing for free - NOT EVEN THE PUBLIC LIBRARY...roads, government. Yes, you would have to pay a club fee if you and some buddies wanted government.
States to File for Bankruptcy?
Many states were in very poor financial difficulty before the virus hit. Many of these same states are paying outlandish retirement benefits to state workers. One Cali employee recveives over $400,000 annually in pension benefits. So should the taxes from the average US family be used to prop up pensions like these in Cali, Illinois, New York, New Jersey, ect. or should those states file for bankruptcy and start over?
Are you suggesting abandoning pensions for public sector employees? I don't think that's going to go over well.
If a pension was promised to you as part of your pay then state better provide it for you.
Was that 'one employee' data an average for a single state employee or and example of a single, specific employee? Either way provide a source.
I can't speak for that specific $400,000 example, but the way California's public employee pensions are structured, the maximum anyone can get is 90% of their highest salary, so Mr. 400K would've had to be very high up. There are some public employees in CA that make that kind of money - not sure if it's still true, but at one point the highest paid government employee in the world was the Sheriff of LA County.
is this a leftist organization? it looks to me you don't know what you're talking about, and naming random states you just don't like, just like moscowmitch.
https://rockinst.org/issue-areas/fiscal-analysis/balance-of-payments-portal/
"Last year, the California Public Employees’ Retirement System (CalPERS) issued 30,969 pension checks that were worth $100,000 or more on an annualized basis, according to newly released pension payout data from TransparentCalifornia.com."
Either it is dumped on the US taxpayers in general, and their kids and grandkids as part of the exploding deficit, or the states will have to restructure and reduce the pensions.
so, you're actually saying earned pensions need to be reduced? Should the gov also dip into your saving accounts too?
did you know- in general govt employees are paid much lower wages and zero bonus than private sector, but most people in govt still work there for the pension?
Then you won't mind paying additional federal taxes so the CA/NY/NJ/CT/IL retirees can continue to retire in luxury.
If you're looking for money, pretty sure could take some out of that overblown military budget for once. But tbh the States are kind of screwed anyway with how the pandemic's being handled...
https://apnews.com/2f83c72de1bd440d92cdbc0d3b6bc08c/AP-FACT-CHECK:-Blue-high-tax-states-fund-red-low-tax-states
But make sure you grind that ax to a NICE SHARP POINT. In fact, keep grinding until it disappears, then follow suit.
Do states still have to pay pensions if the retiree passes away? There's a new virus going 'round targeting pensioners apparently...
An employee can choose to receive less than 100% of their pension and elect to have a spouse (or anyone else) continue to receive it after their death, but it's not automatic. I believe there is some amount of survivor benefit that everyone gets, but IIRC it's a one-time payout of about a year's worth.
So, with more pensioners dying from the c, states would basically have to pay less pensions...
I'll solve all this real quick like:
if Socialist - Work for government and get full benefits, room and board and some spending cash. No property ownership, but you're fully taken care of from A-Z.
if Libertarian Capitalist - You work you make money. No taxes but you get nothing for free - NOT EVEN THE PUBLIC LIBRARY...roads, government. Yes, you would have to pay a club fee if you and some buddies wanted government.
No start dividing up the states.
Problem solved.
to reiterate sneaky's point: the reaper's state has been reaping plenty from uncle sam, thanks to states like ny:
https://twitter.com/morethanmySLE/status/1253413675060260870
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