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Originally Posted by PaugusBayFireFighter
Just to clarify, my retirement pension is not paid by tax payers. Firefighter retirement benefits are not paid by the "taxpayers," cities, counties or state.
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I certainly appreciate the job that first responders do in protecting our lives and property, and I intend no disrespect. But to deny that your pension is funded by taxpayer dollars is to stick your head in the sand. If part of your pension is funded by deferred compensation, where do you think that compensation comes from? Yup, the taxpayer. It doesn't matter whether or not it gets paid to you first before going into the pension fund, the dollars come from taxes collected by your employer.
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Originally Posted by PaugusBayFireFighter
These funds come from employee and employer contributions made while the employee was working...
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If your employer is a government entity and it makes contributions to your pension fund, where do those dollars come from if they're not from tax revenues?