I know simple rank and file cops who retire at 50 years old with $75,000 per year in life retirement, with top shelf medical benefits for life with the wife covered too. Others on the fire departments and other police departments retire on $90,000+++ per year for life, in their early 50s.
No joke.
While others in the private sector now find themselves in their fifties and sixties, with *NO* retirement, *no* or slashed medical benefits, cut hours etc,..If they still have jobs left. And fatgov is basically telling them to plan on working until they drop dead.
Government at all levels is choking the U.S. off, and will eventually leave America dead on the floor, broke and bankrupt.
“While others in the private sector now find themselves in their fifties and sixties, with *NO* retirement, *no* or slashed medical benefits, cut hours etc,..If they still have jobs left. And fatgov is basically telling them to plan on working until they drop dead.”
That’s right; they have to keep on working to pay those huge retirement packages to people who retired twenty years earlier. In NJ this has also contributed to our housing crisis; nobody wants to buy homes with $8K+ in property taxes (for very modest homes), so the private sector employee who can’t make those tax payments on their retirement income are forced to keep working or lose the home to a tax lien. In addition, those taxes prevent many rational people from investing additional funds in their home, as the old adage that you would make it back upon selling it doesn’t even apply anymore; the result is an aging population living in decaying homes, while the younger people who haven’t committed to a mortgage here flee behind the employers that are fed up with the tax burden.
A town a few miles to the north of me had their police chief and a captain retire; they had to work out a three-year payment plan for their UNUSED SICK TIME ($550,000) - this is on top of the pensions they will receive ($127K annually for the chief alone).
In NJ government workers tend to cluster and intermarry; most people resent them, they can’t relate to anything in terms of work that the average taxpayer deals with, so they live as a privileged class apart.
Totally agree.....