Pension Plans…..part 2

As we continue our education on pension plans, the reality of the duplicitous conduct of our federal legislators became painfully obvious when we made the numbers “talk to us”.

The days of retiring from large corporations with the knowledge that you could count on a fixed retirement amount each month [called a defined benefit plan] are basically long gone for workers in the private sector.  Also, the ability to count on an annual cost of living increase to ensure that your nest egg was not negatively impacted by inflation is now in our “rear view mirror”.  Oh, federal legislators ‘throw us a bone’ now and then just to quell any potential uprising, but seniors that worked in the private sector are going backwards financially because of increasing taxes.

Here are a couple of articles that explain how and why the shift was made from the employer paid plans [defined benefit plans] to the employee centered plans [defined contribution plans].

This excerpt from the article illustrates the problems for the private sector employees:

What Does the End of Defined Benefits Mean for Employees?
The entire scenario is bad news for employees. Unlike a defined-benefit plan, where the employee knows exactly what his or her benefits will be upon retirement, the only certainty in a defined-contribution plan is the amount that the employee contributes. After the money hits the account, it’s up to the vagaries of the stock market to determine the ultimate outcome. Maybe the markets will go up, and maybe they won’t.”

For those retirees that are using their savings, and/or defined contribution plans to supplement social security, relying on the stock market can cause severe anxiety, and the days of getting 3% – 4% in certificates of deposit are long gone.  When you couple these realities with the reality of the ever increasing property taxes, we do not need to be a Rhodes scholar to realize that seniors that worked in the private sector are in trouble – big trouble.  For the most part, government workers and teachers have their “bases covered”, but that is a topic for another article.

What does this all mean for our federal politicians, those “paragons of virtue”, the alleged “stalwarts of the constitution”, that want to ensure that the “little people”, the peasants, if you will, are made comfortable during their later years?  The short answer is that they have robbed us blind without even a “thank you”.  They raided the social security funds; spent it over the years on who knows what.  However, what they definitely secured was their own retirement nest egg.

When you can spend  other peoples money to feather your own nest, there should be a day of reckoning;  but as the former comedian, Jackie Gleason, once said: “Oh, how sweet it is” when absolutely nothing can be done to you.

Please read this 2018 article that shows the unmitigated gall that our elected representatives have in paying themselves pension benefits that the taxpayers are fully funding.  This should be known as the “fleecing of the American taxpayer”.

We are simply amazed that the American taxpayer just sits back and consumes the manure spread by our federal and state politicians.  It is one big club where membership is limited to the rich and well connected.  The average citizen thinks they get a choice, but,  upon reflection, we only get to pay the dues for the membership without receiving the benefits.

Categories: Education, Uncategorized


43 replies

  1. 554898 292074Hosting a weblog composing facility (in a broad sense) requires unlimited space. So I suggest you to discover such web hosting (internet space provider) that supply flexibility inside your internet space. 290937

  2. 643342 559746We clean up on completion. This may possibly sound obvious but not several a plumber in Sydney does. We wear uniforms and always treat your home or office with respect. 241899

  3. 608722 436937Great web site, determined several something entirely new! Subscribed RSS for later, aspire to see a lot more updates exactly like it. 271841

  4. It’s really a cool and useful piece of info. I am glad that you shared this useful info with us. Please keep us informed like this. Thanks for sharing.

  5. great post.Ne’er knew this, thanks for letting me know.

  6. Wonderful web site. Lots of helpful info here. I am sending it to some pals ans also sharing in delicious. And certainly, thank you for your effort!

  7. Hello, I do believe your web site could be having internet browser compatibility issues. Whenever I look at your web site in Safari, it looks fine however when opening in I.E., it has some overlapping issues. I simply wanted to give you a quick heads up! Apart from that, fantastic blog!

  8. 961481 299544Amaze! Thank you! I constantly wished to produce in my internet website a thing like that. Can I take element of the publish to my weblog? 580208

  9. I’m not sure exactly why but this website is loading very slow for me. Is anyone else having this issue or is it a problem on my end? I’ll check back later on and see if the problem still exists.

  10. 298247 855236It is hard to search out knowledgeable individuals on this topic, but you sound like you realize what youre speaking about! Thanks 316161

  11. whoah this blog is excellent i love reading your articles. Keep up the good work! You know, many people are hunting around for this info, you could help them greatly.

  12. Hey, you used to write excellent, but the last several posts have been kinda boring… I miss your super writings. Past few posts are just a little out of track! come on!

  13. Howdy, i read your blog occasionally and i own a similar one and i was just curious if you get a lot of spam comments? If so how do you protect against it, any plugin or anything you can recommend? I get so much lately it’s driving me crazy so any assistance is very much appreciated.

  14. This web site is really a walk-through for all of the info you wanted about this and didn’t know who to ask. Glimpse here, and you’ll definitely discover it.

  15. Some genuinely nice and utilitarian information on this website, also I think the design has superb features.

  16. Hey there! Do you know if they make any plugins to help with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good results. If you know of any please share. Thanks!

  17. Very interesting information!Perfect just what I was searching for!

  18. Hi there very nice website!! Guy .. Beautiful .. Wonderful .. I will bookmark your web site and take the feeds also?KI am happy to find numerous helpful info right here within the put up, we’d like develop more strategies on this regard, thanks for sharing. . . . . .

  19. he blog was how do i say it… relevant, finally something that helped me. Thanks

  20. Some genuinely superb info , Sword lily I discovered this.

  21. I will immediately grab your rss feed as I can’t find your e-mail subscription link or e-newsletter service. Do you’ve any? Please let me know so that I could subscribe. Thanks.

  22. I love your blog.. very nice colors & theme. Did you design this website yourself or did you hire someone to do it for you? Plz respond as I’m looking to design my own blog and would like to know where u got this from. kudos

  23. Very efficiently written story. It will be useful to anyone who utilizes it, as well as me. Keep doing what you are doing – looking forward to more posts.

  24. Everything is very open and very clear explanation of issues. was truly information. Your website is very useful. Thanks for sharing.

  25. The very heart of your writing while sounding reasonable originally, did not really settle well with me after some time. Someplace within the sentences you actually were able to make me a believer but only for a very short while. I still have a problem with your leaps in assumptions and you would do nicely to fill in those gaps. In the event you actually can accomplish that, I will definitely end up being amazed.

  26. I am really enjoying the theme/design of your blog. Do you ever run into any internet browser compatibility issues? A handful of my blog audience have complained about my website not operating correctly in Explorer but looks great in Opera. Do you have any solutions to help fix this issue?

  27. Excellent post. I used to be checking constantly this weblog and I am impressed! Extremely useful information specially the final phase 🙂 I maintain such info a lot. I was seeking this certain information for a long time. Thanks and best of luck.

  28. you’re actually a excellent webmaster. The web site loading velocity is incredible. It kind of feels that you’re doing any unique trick. Moreover, The contents are masterpiece. you have done a great activity on this matter!

  29. What’s Happening i am new to this, I stumbled upon this I have discovered It positively useful and it has aided me out loads. I’m hoping to give a contribution & aid other customers like its helped me. Good job.

  30. 226506 451650Just what I was searching for, appreciate it for posting . 876266

  31. With havin so much content do you ever run into any issues of plagorism or copyright infringement? My blog has a lot of exclusive content I’ve either written myself or outsourced but it looks like a lot of it is popping it up all over the internet without my agreement. Do you know any methods to help protect against content from being ripped off? I’d certainly appreciate it.

  32. 854041 98652I like this weblog very considerably, Its a rattling nice billet to read and locate information . 898788

  33. When I originally commented I clicked the “Notify me when new comments are added” checkbox and now each time a comment is added I get four emails with the same comment. Is there any way you can remove people from that service? Thanks!

  34. As I website possessor I believe the content matter here is rattling wonderful , appreciate it for your efforts. You should keep it up forever! Good Luck.

  35. Hello, Neat post. There is an issue along with your website in internet explorer, may test this… IE nonetheless is the market chief and a big component of other people will leave out your great writing because of this problem.

  36. Oh my goodness! an amazing article dude. Thanks Nonetheless I am experiencing challenge with ur rss . Don’t know why Unable to subscribe to it. Is there anyone getting similar rss problem? Anyone who knows kindly respond. Thnkx

  37. What’s Happening i am new to this, I stumbled upon this I have found It positively helpful and it has helped me out loads. I hope to contribute & assist other users like its helped me. Good job.

  38. WONDERFUL Post.thanks for share..extra wait .. …

  39. I just could not depart your site before suggesting that I actually enjoyed the standard information a person provide for your visitors? Is gonna be back often to check up on new posts

  40. I’ll right away grab your rss feed as I can’t in finding your e-mail subscription hyperlink or newsletter service. Do you’ve any? Kindly let me recognize in order that I may subscribe. Thanks.

  41. 656975 438608Do you have a spam problem on this website; I also am a blogger, and I was wanting to know your situation; many of us have developed some nice methods and we are looking to exchange techniques with others, please shoot me an email if interested. 453568

Leave a Reply

%d bloggers like this: