The Best thing people can do to protect themselves is to buy Gold & Silver! I am buying lots of Silver because I do not trust my Employer (The State) to honor my pension. I am a Correction Officer who goes to work every day and I have lived up to my end of the bargain for 17 years. I keep the citizens of PA Safe. Fortunately for me I have 11 years before retirement. This will allow me to accumulate a lot more Silver. I'm already up to 1,000 ounces! Either-way I will have a decent retirement.
The reason the money was not tucked safely away is because we are on a fiat currency which is continuously devalued. In other words hanging onto money is to loose it these days.
If we wanted to counter this we would have to do something like pad these retirement funds with money printed by the Feds.
What really needs to be done with federal, state, city, local, etc, etc, pension plans (probably will never happen) is to have all new employees put on a DEFINED CONTRIBUTION (self directed ira/401k plan) plan, as opposed to a DEFINED BENEFIT plan. Curent employees under a DEFINED BENEFIT plan should be required to make contributions that will result in full funding of the pension system. Also, do away with the retiree health benefits, cannot justify this huge bennie any more.
I am a Government Employee working behind a Dangerous Prison Wall. I keep the Tax Payer Safe while they sleep in their beds at night. After 30 years I expect the Tax Payer to honor my pension plan.
Privatization of Public Employees is not the answer. The private company gets all the profit and the employees end up getting screwed with terrible benefits along with low wages. Meanwhile the cost to the tax payer remains the same. Privatization does not work in the Prison system.
Why not fund your own retirement with your own money?...instead of me and my generation funding your retirement?...BTW, the majority of those "dangerous" people you keep us "safe" from are non-violent indivduals (drug dealers / users / smugglers)...thanks, i can keep myself safe from those guys by avoiding them or using my 2nd Amendment right; wait...our Government has all but taken that from me as well.
I am funding my own retirement account by paying 6.25% of my salary every payday into my Pension Plan. I have done this for 17 Years. I am living up to my end of the Contract. Why shouldn't the State live up to their end of the Contract? My pension is not "Welfare" it's an Earned Benefit. Fortunately there are laws in place protecting my pension from people like yourself. I do agree with pension reform, but existing contracts must be honored for current Empoyees.
The problem with the welfare state we have today (pensions included)...the livestock of government employees, whether by actual work or by being a lazy ass and recieving benefits, these people EXPECT the Government to take care of them, what is the Government???...it is other peoples Labor and Wealth stolen from them through force.
One thing history has proven, Altruism fails and a large government (due to Altruism) will always collapse; then who takes care of your pension?
It is however sad that in order to perform a job duty of no relevance to public good - majority of government jobs - pensions / healthcare / retirement / etc are all required and thus thus bringing the pay scale up for government employees to a point exceeding the private sector for the same equivalent...
A pension is an incentive to get someone to work for the government...productive members of society take roles in the private sector; this leaves unproductive members of society to 1) recieve government handouts and not work or 2) work for the government...why work when shit is free?...b/c the incentives the government will shower you with.
Next...who pays for the pension?...after all, the formal government employee isnt working (earning) this income anymore...so, who is left with the burden of paying the handout?...the private sector...at what cost?...the economy and reasserting these assets into research and design or retirement funds for those who actually EARN a living.
From teachers to municipal workers to cops...pensions are a punishment to the actual producers of society. no way can you argue otherwise...
get paid for the time you actually work...when you cease to work, you better have saved up to do so...dont rely on the labor of others to support you.
Im not going to argue about the value of Government workers some pull their weight others are just weight on the budget.
A pension is designed to convince people to commit to a career. That is a valid exchange, that being said those monies should be paid for by the current generation rather than pushed off to burden the future generation.
Problem is inflation! Inflation creates an inefficient method for savings.
Look at the size of the police state and education departments and the expenses they create at presently (including pensions, retirement, benefits, buildings and material expenses)...their overall cost to the private sector (via taxation) drastically outweighs their production or benefits...
Now, if you want to provide for teacher compettition in the private market and reduce the police size by removing unecessary, harmless events as "crimes"...we could have a more just society
Teachers today educate kids based on Federal Guidelines...not based on the actual needs of the kid or the market...i mean seriously, what kid in North Florida (where i'm from) should be required to have a "Foreign Language" class...or even a PE Class?...how about Drama?...Phsycology?...Arts and Crafts?...this is not productive education and is far more a burden to the taxpayers than a benefit as a Math, Science, English, History teacher is.
In order to get a teaching job today you must have a College Degree. Regardless of the Federal Guidelines a good teacher is hard to find. There has to be an incentive for a teacher to go out and get $100K in debt with student loans just to teach our out of control youth today. Why go through all this headache when you could just go to any job in the private sector and make the same wages and benefits? There has to be incentives for public service jobs like these.
Teachers, Cops and ALL public jobs should provide for their own retirement, medical and any other personal needs...like the private sector.
And no, i do not agree with the government requiring larger corporations to provide healthcare plans...any personal necessity and responsibility should be YOUR responsiblity, not another persons or corporations.
Like I said before I am all for future public employees being placed in 401K type plans. This would put public service in line with the private sector. Just don't default on what has been promised to many good people who have made careers out of public service. Many have stayed because of the benefits and pensions offered as incentives. When times were good people in the private sector made excellent wages and good bonuses. In public service the word Bonus does not exsist.
Nice Nice Video. I really loved your video. Youtube can be a great asset for you. If you need any help getting your video exposed, check out this site called tubeviews [dot net] It has really done wonders for me, I have built 3 Channels up with videos at top in position and this is my forth channel i'm going to working on.
The Best thing people can do to protect themselves is to buy Gold & Silver! I am buying lots of Silver because I do not trust my Employer (The State) to honor my pension. I am a Correction Officer who goes to work every day and I have lived up to my end of the bargain for 17 years. I keep the citizens of PA Safe. Fortunately for me I have 11 years before retirement. This will allow me to accumulate a lot more Silver. I'm already up to 1,000 ounces! Either-way I will have a decent retirement.
dtgoody 1 year ago
The reason the money was not tucked safely away is because we are on a fiat currency which is continuously devalued. In other words hanging onto money is to loose it these days.
If we wanted to counter this we would have to do something like pad these retirement funds with money printed by the Feds.
TeboFire 1 year ago
What do you mean don't blame big corporations???!!!! Thumbs down on this one.
principles101 1 year ago
This has been flagged as spam show
What really needs to be done with federal, state, city, local, etc, etc, pension plans (probably will never happen) is to have all new employees put on a DEFINED CONTRIBUTION (self directed ira/401k plan) plan, as opposed to a DEFINED BENEFIT plan. Curent employees under a DEFINED BENEFIT plan should be required to make contributions that will result in full funding of the pension system. Also, do away with the retiree health benefits, cannot justify this huge bennie any more.
tickyul 1 year ago
I am a Government Employee working behind a Dangerous Prison Wall. I keep the Tax Payer Safe while they sleep in their beds at night. After 30 years I expect the Tax Payer to honor my pension plan.
Privatization of Public Employees is not the answer. The private company gets all the profit and the employees end up getting screwed with terrible benefits along with low wages. Meanwhile the cost to the tax payer remains the same. Privatization does not work in the Prison system.
dtgoody 2 years ago
@dtgoody
Why not fund your own retirement with your own money?...instead of me and my generation funding your retirement?...BTW, the majority of those "dangerous" people you keep us "safe" from are non-violent indivduals (drug dealers / users / smugglers)...thanks, i can keep myself safe from those guys by avoiding them or using my 2nd Amendment right; wait...our Government has all but taken that from me as well.
helltrackrider 1 year ago
@helltrackrider
I am funding my own retirement account by paying 6.25% of my salary every payday into my Pension Plan. I have done this for 17 Years. I am living up to my end of the Contract. Why shouldn't the State live up to their end of the Contract? My pension is not "Welfare" it's an Earned Benefit. Fortunately there are laws in place protecting my pension from people like yourself. I do agree with pension reform, but existing contracts must be honored for current Empoyees.
dtgoody 1 year ago
@dtgoody
The problem with the welfare state we have today (pensions included)...the livestock of government employees, whether by actual work or by being a lazy ass and recieving benefits, these people EXPECT the Government to take care of them, what is the Government???...it is other peoples Labor and Wealth stolen from them through force.
One thing history has proven, Altruism fails and a large government (due to Altruism) will always collapse; then who takes care of your pension?
helltrackrider 1 year ago
@helltrackrider Pensions are not welfare! It is money given in exchange for service.
TeboFire 1 year ago
@TeboFire
Did I say pensions were welfare?
It is however sad that in order to perform a job duty of no relevance to public good - majority of government jobs - pensions / healthcare / retirement / etc are all required and thus thus bringing the pay scale up for government employees to a point exceeding the private sector for the same equivalent...
helltrackrider 1 year ago
@TeboFire
A pension is an incentive to get someone to work for the government...productive members of society take roles in the private sector; this leaves unproductive members of society to 1) recieve government handouts and not work or 2) work for the government...why work when shit is free?...b/c the incentives the government will shower you with.
helltrackrider 1 year ago
@TeboFire
Next...who pays for the pension?...after all, the formal government employee isnt working (earning) this income anymore...so, who is left with the burden of paying the handout?...the private sector...at what cost?...the economy and reasserting these assets into research and design or retirement funds for those who actually EARN a living.
helltrackrider 1 year ago
@TeboFire
From teachers to municipal workers to cops...pensions are a punishment to the actual producers of society. no way can you argue otherwise...
get paid for the time you actually work...when you cease to work, you better have saved up to do so...dont rely on the labor of others to support you.
helltrackrider 1 year ago
Im not going to argue about the value of Government workers some pull their weight others are just weight on the budget.
A pension is designed to convince people to commit to a career. That is a valid exchange, that being said those monies should be paid for by the current generation rather than pushed off to burden the future generation.
Problem is inflation! Inflation creates an inefficient method for savings.
TeboFire 1 year ago
@helltrackrider
So Cops and Teachers are not actual producers to Society?
Do Cops not put their lives on the line so that you can have a Society?
Do Teachers not educate our kids into Society?
Pensions plans are manditory for Teachers and Cops.
They are forced to pay in the Pension plan as a condition of Employment.
Now we should just all turn our backs on them because you don't want to pay taxes?
dtgoody 1 year ago
@dtgoody
Look at the size of the police state and education departments and the expenses they create at presently (including pensions, retirement, benefits, buildings and material expenses)...their overall cost to the private sector (via taxation) drastically outweighs their production or benefits...
Now, if you want to provide for teacher compettition in the private market and reduce the police size by removing unecessary, harmless events as "crimes"...we could have a more just society
helltrackrider 1 year ago
@dtgoody
Teachers today educate kids based on Federal Guidelines...not based on the actual needs of the kid or the market...i mean seriously, what kid in North Florida (where i'm from) should be required to have a "Foreign Language" class...or even a PE Class?...how about Drama?...Phsycology?...Arts and Crafts?...this is not productive education and is far more a burden to the taxpayers than a benefit as a Math, Science, English, History teacher is.
helltrackrider 1 year ago
@helltrackrider
In order to get a teaching job today you must have a College Degree. Regardless of the Federal Guidelines a good teacher is hard to find. There has to be an incentive for a teacher to go out and get $100K in debt with student loans just to teach our out of control youth today. Why go through all this headache when you could just go to any job in the private sector and make the same wages and benefits? There has to be incentives for public service jobs like these.
dtgoody 1 year ago
@dtgoody
Teachers, Cops and ALL public jobs should provide for their own retirement, medical and any other personal needs...like the private sector.
And no, i do not agree with the government requiring larger corporations to provide healthcare plans...any personal necessity and responsibility should be YOUR responsiblity, not another persons or corporations.
helltrackrider 1 year ago
@helltrackrider
Like I said before I am all for future public employees being placed in 401K type plans. This would put public service in line with the private sector. Just don't default on what has been promised to many good people who have made careers out of public service. Many have stayed because of the benefits and pensions offered as incentives. When times were good people in the private sector made excellent wages and good bonuses. In public service the word Bonus does not exsist.
dtgoody 1 year ago
This has been flagged as spam show
Nice Nice Video. I really loved your video. Youtube can be a great asset for you. If you need any help getting your video exposed, check out this site called tubeviews [dot net] It has really done wonders for me, I have built 3 Channels up with videos at top in position and this is my forth channel i'm going to working on.
ps. I'm Making So Much More Cash Now, I love it!
Nolansfhfd 2 years ago