Reply to Why are people obsessed with putting $$ in retirement?

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Reply to "Why are people obsessed with putting $$ in retirement?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Not everyone puts wages into retirement. Some jobs come with automatic benefits as soon as your time is in. Law enforcement is one of these jobs, at least, it is in Virginia. [b]You can retire at 50 with [/b]extra for hazardous duty pay or you can work longer and do a large plop along with the haz pay. [/quote]

This is a huge problem that will have to be corrected.  It was fine when lifespans were shorter; the taxpayers do not want to pay for retirement that, in many instances, is as long as or longer than the time public employees worked.  [/quote]

Speak for yourself. I am okay with paying for their retirement benefits. They put their lives on the line, I think they deserve it. [/quote]

It is not a sustainable financial model, regardless of the underlying profession.  That's why defined benefit plans are all but extinct in the private sector.  Also, I reject the idea that certain types of public employees (but not others?) are entitled to 30+ year fully funded retirements.  [/quote]

Exactly. This is the thinking that has led to so many of our government spending problems - just because we WANT to do something doesn't mean we can. [/quote]

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