~ OMG!! (AND SO) IT BEGINS: Bloomberg Unveils His Plans To Slash Benefits, And Raise The Retirement Age...!! ~ | |
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Anonymous Coward User ID: 968016 United States 02/04/2011 07:40 PM Report Abusive Post Report Copyright Violation | Re: ~ OMG!! (AND SO) IT BEGINS: Bloomberg Unveils His Plans To Slash Benefits, And Raise The Retirement Age...!! ~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Quoting: BloodRed~ OMG!! (AND SO) IT BEGINS: Bloomberg Unveils His Plans To Slash Benefits, And Raise The Retirement Age...!! ~ ~ From the article: New York City's pension was on track to run out of money in ten years. Thus no one is surprised that Bloomberg has proposed for major reform. The key changes include raising the retirement age from 57 to 65. He also wants to up the minimum term of employment from 5 to 10 years. Additionally he would proscribe practices like adding accumulated overtime to final year pay to boost pension benefits. The first two changes are constitutionally protected and require support from the state. Normally this would be unlikely, but in 2011 there's a pension crisis everywhere from Albany to Greece. Here are the full details from the Mayor's press office, via the NYT: ~ (READ MORE...) ~ The article from the website: [link to www.businessinsider.com] ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ it's a good start |
Anonymous Coward User ID: 1222416 United States 02/04/2011 07:42 PM Report Abusive Post Report Copyright Violation | Re: ~ OMG!! (AND SO) IT BEGINS: Bloomberg Unveils His Plans To Slash Benefits, And Raise The Retirement Age...!! ~ |
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Anonymous Coward User ID: 78205775 United States 11/28/2019 10:34 AM Report Abusive Post Report Copyright Violation | Re: ~ OMG!! (AND SO) IT BEGINS: Bloomberg Unveils His Plans To Slash Benefits, And Raise The Retirement Age...!! ~ No, just cap the pension payouts. Ridiculous retirement benefit promises were made which were not sustainable. The unions went along with it. Government pensioners shouldn't be making 6 digit yearly pensions, greater than the wages they made when employed. Cap all the pension payouts to $40K yr as well as for those in Chicago. You know, it is so ridiculous, forget it. Lets just burn the whole damn thing down. Just give all the pensioners a black federal reserve visa card. The can charge endlessly what they want on the card without fear of repaying. Why? The federal reserve creates money out of nothing anyway, so what is good for them, is good for us all. Why should the federal reserve monopolize counterfeiting US treasury notes? Happy spending! Problem solved, next! |
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