Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Contrary to popular belief, even government employees can have pensions or 401k's. Government employees are people too, and need to eventually retire, just like everybody else. If governments didn't give employees pensions, or set up 401K's for them, it would be a lot harder for them to attract quality employees.
Just a small correction, government employees cannot legally have 401Ks. There are alternatives to 401Ks for them (which are much worse than 401Ks), but they cannot have 401Ks themselves.
Just a small correction, government employees cannot legally have 401Ks. There are alternatives to 401Ks for them (which are much worse than 401Ks), but they cannot have 401Ks themselves.
Tell that to the City of Galveston Texas.
They don't even pull Social Security from their paychecks.
This, I mean, do people expect civil servants to work for minimum wage with no benefits?
That's not the issue. At least in California, pay, pensions and benefits do not reflecting what is being offered in a private free market. They are called golden parachutes for a reason.
There are way too many government employees, and pension and retirement benefits are way, way, way too generous.
The good news is at least the retirees are Americans rather than immigrants, so for once the government isn't using our tax dollars to finance our replacement.
Just a small correction, government employees cannot legally have 401Ks. There are alternatives to 401Ks for them (which are much worse than 401Ks), but they cannot have 401Ks themselves.
You're correct. It's either 403b, 457 or another section of the current tax code.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
