Re:The Decade’s Biggest Bonuses (Surprise: No.1 is not from ...
by anamax on Tuesday November 03, 2009 @05:46PM
(#920450)
> Police are public employees, their pensions have to be paid when the time comes regardless of how badly their pension fund has been raided. Ditto for teachers. And so on and so forth.
You write that like it's a law of physics or something. It isn't. There's absolutely no reason why public employees can retire using 401(k)s and the like. In fact, a lot of them do get much of their retirement benefits from 403(b)s, which are basically the same as 401(k)s.
In fact, pension funds, both public and private, are a huge mistake because underfunding and raiding can be, and is, hidden for decades.
You write that like it's a law of physics or something. It isn't. There's absolutely no reason why public employees can retire using 401(k)s and the like. In fact, a lot of them do get much of their retirement benefits from 403(b)s, which are basically the same as 401(k)s.
In fact, pension funds, both public and private, are a huge mistake because underfunding and raiding can be, and is, hidden for decades.