View Single Post
Old 11-10-2018, 10:16 AM   #55
8gv
Senior Member
 
8gv's Avatar
 
Join Date: Jan 2012
Posts: 1,139
Thanks: 23
Thanked 333 Times in 206 Posts
Default

Since state employees are a large voting block, it is tempting for politicians to promise better pensions.

The problem is that a future set of tax payers will get the burden of paying for it.

For this reason, I would prefer a more direct, pay as you go approach to retirement benefits.

Retirement contributions made to the employee's own account each pay period that can't be diverted for other use by politicians seems more sensible.
8gv is offline