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Pentagon Considers Scrapping Traditional Military Pensions
Fox News Online ^ | 8/15/2011 | Jim Crogan

Posted on 08/15/2011 4:20:01 PM PDT by Newbomb Turk

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To: MSF BU

Did two years overseas with my company. Got home for Christmas Salary—no overtime since 1982.

Ok, no weight requirements per se. But if we put on a few pounds we heard about it. No fatties in that company over the manager level.

And if you have ever managed a merger with a computer system that crashed? Weeks before it was fixed? Yes, others understand stress and hardship.

As I said, I appreciate the point. And certainly I appreciate the original proposition. However, the assumption that one class is harder working and more deserving of their part of the pie is simply short sighted.


61 posted on 08/16/2011 4:00:54 AM PDT by Vermont Lt (George Lopez is the black hole of funny. Nothing funny can escape his suck.)
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To: beelzepug

All Mondays are ungood, but any day you’re above the grass is a good day!
Best to you FRiend!


62 posted on 08/16/2011 5:32:12 AM PDT by outofsalt ("If History teaches us anything it's that history rarely teaches us anything")
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To: Newbomb Turk; KitJ; T Minus Four; xzins; CMS; The Sailor; ab01; txradioguy; Jet Jaguar; ...

My contract says serve 20 yrs, I get 1/2 base pay per month.

My contract says this.

Active Duty/Retiree Ping.


63 posted on 08/16/2011 5:38:06 AM PDT by Jet Jaguar
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To: SandyInSeattle

8 hrs? that it? try starting your own company. 12 hr days are common. 5+ of those going to taxes, 2/3s of which goes to paying the salaries of public employees

did you make less then average salary while doing it?

why is your job protected? we have 10% unemployment. i’m 100% certain we can find someone qualified to do your job for less.

why should you get a pension once you eventually leave your job?

lifetime govt jobs are blood sucking leeches on our country


64 posted on 08/16/2011 5:41:53 AM PDT by sten (fighting tyranny never goes out of style)
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To: muawiyah

paid for by...

me

i have no say in that. oh, we can ‘vote’... but those getting in just vote themselves more benefits and pay raises. it’s in their best interest, of course they will

sorry, unless the public employee, fed, state or local, was sacrificing for the country ... like military, fire or police or making below average salaries... why should they get a pension?

a teacher or local/state/federal bureaucrat driving a desk or chalk board for their lives... making 20-50% more then the average salary... top end benefits... will receive lifetime job security and a luxury retirement package.

why? why should i even consider paying for it??


65 posted on 08/16/2011 5:47:29 AM PDT by sten (fighting tyranny never goes out of style)
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To: Jet Jaguar

1/2 base pay per month is the proper approach. Retirement is the receipt of deferred pay. One just needs to remember that truck drivers in Iraq were being hired at 200,000 per year to realize the truth of military retirement being deferred pay.

And soldier who’d take a 401(k) over 1/2 base pay is out of his/her mind. Look what the market has done to retirement accounts since Obama. He has cost me well over 100,000 dollars in a brief 2.5 year run as a failed president.


66 posted on 08/16/2011 5:50:53 AM PDT by xzins (Retired Army Chaplain and Proud of It! True Supporters of our Troops PRAY for their VICTORY!)
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To: bvw

Aaaaah, a little too good to serve, I see. No, I’m sorry; working as a union carpenter or state police officer really isn’t at all comparable to serving beneath the sea for months at a time or spending 18 months with an infantry brigade. I can understand why you might think that, since your benchmark for comparison is likely limited to movies and video games. But let me assure you military service is not like whatever you’ve seen on your playstation.


67 posted on 08/16/2011 5:55:07 AM PDT by MSF BU (YR'S Please Support our troops: JOIN THEM!)
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To: sten
There's so much propaganda and junk in your statement I'd like to ignore it ~ if you'd been reading FR for the last 6 months you'd already know all the arguments and debates and facts and factoids.

Obviously you didn't review things and are now running on NOTHING BUT HEADLINES.

The study that makes you believe federal government employees make $129,000 per annum failed to include postal workers ~ they make far less. It also included only one CEO on the federal side.

Now over on the private sector side of the discussion it excluded 7 million CEO's, all Wall Street financiers and speculators, and virtually all the lawyers and independent entrepreneurs.

So why do federal employees have large after-tax deductions taken from their salaries and placed into the retirement system? The answer is TO PAY FOR THEIR RETIREMENT. The USPS Employees are presently OVERPAID to the tune of $78 billion and your boy Geithner has stolen their money and used it to pay for Michelle Obama's vacation trips!

So, whach you talkin' 'bout

68 posted on 08/16/2011 5:56:27 AM PDT by muawiyah
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To: Vermont Lt

How many of your coworkers were killed or wounded during your deployment? I’m assuming you slept in a tent with communal showers, latrines and mess facilities? Also, no doubt the hours ran 0500 to 2100 or so, regardless of weekends, or some variant allowing about 10 hours of nonduty time?


69 posted on 08/16/2011 5:59:14 AM PDT by MSF BU (YR'S Please Support our troops: JOIN THEM!)
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To: muawiyah

...it also did not include all of those who use S Corporation structure, which admittedly would be nearly impossible to factor in, but inlcudes a myriad of trades/professions and masks some fairly substantial incomes.


70 posted on 08/16/2011 6:01:51 AM PDT by MSF BU (YR'S Please Support our troops: JOIN THEM!)
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To: MSF BU

That is a truly contemptible attitude you have for your fellow citizen. You do no veteran or military member any favors by it.

You serve, so it seems, to earn some sort of thug’s variant of martyr points, which credit you then use to demand eternal and costly favor from all others. George Washington himself rejected such special favors, and you do his service to Country, and his sterling example of that service — one much harsher and longer than your own it is certain, no favor.


71 posted on 08/16/2011 6:06:09 AM PDT by bvw
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To: Rebelbase

Thanks, Rebel. Nice to see you back up this morning. Your account was showing banned or suspended last night.


72 posted on 08/16/2011 6:08:10 AM PDT by Not A Snowbird (When life gives you lemons, throw them back and demand chocolate.)
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To: Jet Jaguar

Yeah, but we aren’t special interest groups to this administration!


73 posted on 08/16/2011 6:13:32 AM PDT by Redleg Duke ("Madison, Wisconsin is 30 square miles surrounded by reality.", L. S. Dryfus)
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To: Vermont Lt; MSF BU
Served guard duty out in a woods somewhere on Christmas Eve and Christmas Day and New Years Eve and New Years Day ~ cold, snow up to my butt; wet half the time; cooked the other half scooching too close to the gasoline heater in our jeep.

This was back before MREs so we had C rats and some stuff brought out in insulated cans ~ frankly, it was all great stuff ~ glad to do it ~ thought hopefully of stuff Back in the World and looked forward to telling the story some day.

Thank you for listening. Made me feel Twenty Something for a moment, and that doesn't happen just every day.

74 posted on 08/16/2011 6:18:53 AM PDT by muawiyah
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To: kingu
Federal employee retirements are paid for by the employees ~ two ways ~ understood agency deposits of xyz percent based on salary, and an employee deposit of xyz percent of salary.

Then they have a 401(k) (like) plan called Thirft Saving Plan. That comes out of your salary, has a cap, and is matched up to 5.5%.

My own payments over a full career should take care of my pension needs (including inflationary COLA) until I am about 200 years of age.

So, let's hear how you paid for your own pension.

75 posted on 08/16/2011 6:22:35 AM PDT by muawiyah
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To: bvw; MSF BU
"That is a truly contemptible attitude you have for your fellow citizen. You do no veteran or military member any favors by it."

With all due respect to your exhaulted civilianness...Shut up and pay your taxes, if that is all you consider the responsibility of "citizenship".

We don't serve for "martyr points". We serve because it is the right and honorable thing to do.

You remind me of my late Father-in-Law who also thought paying taxes was all that was required of citizenship. We may have to defend you, but we don't have to put up with your self-righteous guff.

76 posted on 08/16/2011 6:22:39 AM PDT by Redleg Duke ("Madison, Wisconsin is 30 square miles surrounded by reality.", L. S. Dryfus)
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To: outofsalt
They need only 5 years to become "vested" ~ not 6. It takes a Senator one term to achieve that, and a Representative 3 terms to achieve that (although they get double time ~ win one term for 2 years all you got is 4 years, so hire on as a janitor with DOD and you got 5 years).

That initial level pension is going to amount to the average of their highest 3 years salary while in the Senate or House TIMES 1% TIMES the number of years of service computed.

So, a 1 term Senator retires on a FULL PENSION of 12% of salary.

You do understand what that means, right? 12% ain't no thang!

Not for a lawyer or a doctor or a movie actor.

77 posted on 08/16/2011 6:27:42 AM PDT by muawiyah
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To: bvw

Are you still young enough to serve? I’m surprised somebody who is so motivated by patriotism and love of country didn’t find some method of serving in our nations military. I certainly do have contempt for intellects that try to compare work as a mason to a servicemember at war. Having grown up in the building trades, I’ve done both by the way, and let me assure you that while framing a house in the cold may be arduous, it’s nothing compared to 18 months of continuous duty in a hazardous fire area.


78 posted on 08/16/2011 6:36:06 AM PDT by MSF BU (YR'S Please Support our troops: JOIN THEM!)
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To: muawiyah

i don’t care one wit about salaries or pensions for private organizations. they’re paying for them, more power to them.

public employees receive benefits, education, holiday pay, sick leave, per diems, and pensions ... all paid for by me. (i love it when govt types try to tout the education percentages compared to private sector. it’s amazing how many people will get advanced degrees, when they’re free)

the figures stating public employee compensation exceeding $120k encompassed all compensations. just like a private sector employee being taxed on any ‘perceived compensation’, ie: trips or benefits, public employees should also have it totaled up.

and these are AVERAGES. i would love to see the averages for public employees that are within 5 years of retiring or hitting the 15-20 yr mark (whenever the pensions kick in). i’m guessing there’s a huge disparity between average and average-last-5-years

that said, when totaling up all compensation sources, public employees earn FAR above average salaries ... IN ADDITION TO lifetime job security and a massive pension plan

why the hell should a bureaucrats job come with a pension plan? teachers? life guards??

all these jobs should cost less then they do, especially during times of high unemployment

and there should be NO pension for those that haven’t sacrificed for the country (ie: fire, police, military) or received less then average salaries over those years (ie: sweat equity)


79 posted on 08/16/2011 6:45:35 AM PDT by sten (fighting tyranny never goes out of style)
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To: muawiyah

let’s see... 12% of $200k is $24k ... plus social security of $1k/mon.. $36k

so a one-time US senator that does only 6 yrs in public employ will receive $36k/yr

which is just under the average salary. of course, they only receive the $24k/yr when they leave office, the social security benefits kick in later

but it does allow them to get another job along the way.

seems pretty freakin rosey for doing barely anything

glad i could pay for it /sarc


80 posted on 08/16/2011 6:59:20 AM PDT by sten (fighting tyranny never goes out of style)
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