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frankybling t1_iudsz1d wrote

Reply to comment by alongfield in Mass. Tax Refunds Will Start To Flow On Tuesday by husky5050

how do you retain employees after the 25 year mark? Also, military pension is not 80% neither are many other public sector jobs.

I understand how budgets work and I see how well the T has been maintained, that works for you?

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alongfield t1_iudusz7 wrote

Nope, it doesn't, but I also think public transit should be 100% public operated. There still wouldn't be a "blank check" any way you did it.

Ask most US employers from 1945 - 1980. Most jobs had pensions until voodoo economics and boomer greed took over everywhere. Fucking Reagan made sure all that stopped when he signed a couple of nasty laws that have been screwing us ever since.

As far as "but what after 25 years"... I don't give a damn. You work to live, not live to work. They can go find someone else to take over. You've put in more than enough.

Every state job pays out a pension, and some of them are 75%-80%. Like the police.

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1959Gibson t1_iueg2l3 wrote

You let them retire with some comfort. This isn’t China

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frankybling t1_iuehsrb wrote

retiring at 46 years old? That isn’t what’s happening anymore, but certainly for the people that got that deal they definitely get to retire very young and reasonably comfortable. I’m probably really jealous about that. Can you retire at 46 with a blue collar job anywhere else with taxpayer funds?

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clean_confusion t1_iugggvc wrote

Worth noting that most of the CBAs don't allow you to start collecting your pension at 46... you fully vest after 20-30 years, meaning that you're eligible for the max amount when you do start taking out, but you still might not be able to start collecting until 60, 65 etc. (And yes, the retirement age, vesting time, and contribution percentage have all gotten significantly higher over the last several decades, while real wages have decreased, so those currently receiving benefits got a much better deal than those currently paying in.)

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1959Gibson t1_iueke6t wrote

This is the classic case of arguing against something good because of envy . The argument should not be why do they get to retire at 46 ? The question to argue should be why do I have to work until I’m 65 to retire ???

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DulcineaC t1_iuikdmv wrote

Because workers need 25 years of service AND to be of an eligible age before they can receive pension payments. At least for most state agencies. So even if you have 25 years of service you still aren’t getting your pension until you’re 68 ( age might be lower depending when you started).

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