Originally Posted By: Hankster
Why can't those who worked all their lives for the feds contribute to their retirement in the same manner as those in the private sector?


They do!! Like most others, federal employees pay a set percentage of their salary towards retirement. They can also put aside up to 5% of their salary into a 401K, but unlike many employers, the government does NOT match employee contribution. And unlike most retirement systems, the government did NOT invest employee contributions. Instead they spend them as they come in.

But even if your mistaken impression was right, and I can assure you it is not, the question remains, do you think employers should pay the pensions they promised to their employees?


We promised our military they could recieve a retirement after 20 years. Should we break that promise?


Edited by Dave Vedder (10/24/10 09:04 PM)
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