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To: a fool in paradise

You don’t need to have worked for the state to be aware of the 1983 social security reforms of the Greenspan commission - they are discussed in lots and lots of books. And by the way, the Greenspan Commission moved federal workers into social security to (temporarily) shore up the SS trust fund.

No federal pension pays 90% of annual salary, unless there is something special for the president or congress. You are simply wrong.

Actually your original play on words is the opposite of the truth - the old federal system is more insecure than the Social Security system. The old Civil Service Retirement system is a giant unfunded liability. When given the chance I GLADLY switched to SS. As I said to my wife at the time “When SS runs out of money at the same time as the old federal pension system, which do you think is going to be first in line with the politicians? You think they will fight SS receipients to pay federal pensions? Please!”


32 posted on 07/23/2009 1:55:14 PM PDT by In Maryland
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To: In Maryland

I said public sector when I made the 90% claim which is what seemed to briefly be the rate when many city employees opted to grab it while they could in Houston.

I appreciate the correction to the above statement but I my intent wasn’t to hijack this thread.


33 posted on 07/23/2009 1:59:51 PM PDT by a fool in paradise (There is no truth in the Pravda Media.)
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