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[quote=Anonymous][quote=Anonymous]What public servants seem to forget about is their guaranteed retirement. Even if they pay it, my understanding is that they're guaranteed a salary in retirement. There are so many industries out there with no contribution toward retirement and no guaranteed retirement payouts. It's just whatever you save possibly with some small yearly contribution by your employer until you leave. When you factor that in, many public servants salaries are much more reasonable.[/quote]

That's nute.  In VA, it's simply not true.  VRS requires (post May, 2010) a 5% employee contribution; the employing school division doesn't contribute much more, so roughly 40-50% of the total cost is coming from the employee; the total value of the contribution from the school division is at most a few thousand per year; at retirement, the annuity is very much variable based on multiple economic factors; the corpus of the account does NOT belong to the retired employee's estate; no withdrawals or lending permitted since the 70s, even for a senior employee with an over-funded account; if the employee leaves even after the basic vesting period, the employee can only roll-over his or her own contributions, so the plan is like a cheap handcuff.  Sorry PP, you're just completely wrong about this.  The "Massive Guaranteed Free Pension" myth is a tea party fairy tale.  
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