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Originally Posted by CliffFletcher
Interesting that you don’t consider how many people on DB public sector pension plans earn double the median income.
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Is it more or less interesting than the fact that this is a complete and total assumption on your part? But since you brought it up, how many people on a public sector pension do? Are you suggesting there is no one earning either a private sector pension or retirement package worth as much or more?
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Do you expect people who earn $50k or $60k a year and will have to work until they’re 65 to have a lot of sympathy for people who earn $90k-$110k who will retire at 58?
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I’m sure you’d agree the answer is debatable, but I imagine that if the majority of tax payers saw their actual individual savings it probably wouldn’t hurt the teachers’ case. Worth noting that lot of people in that earnings range are parents and would probably prefer to maintain a system that isn’t attracting the lowest bidders to teach their children. I suppose that’s debatable as well though.
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So who is going to have to pay more, in you’re opinion, to assure comfortable, 25+ year retirements for people who retire in their 50s?
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The majority of people, including the people working towards those pensions.
Interesting that you constantly bring up the age argument considering you’re arguing we need to eliminate the DB plans altogether, as the age argument suggests there would be far more options to consider first.