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How does an employee making 250k per year end up getting a pension of over a million dollars?
A one time or short term situation. Things like vacation time not used that is allowed to accumulate, unused sick time, different types of deferred compensation. Some departments have had programs where if you hit 100% of salary with your pension, you can continue to work and get a certain percentage (above other situations) deferred for a set period of time.
How does an employee making 250k per year end up getting a pension of over a million dollars?
By pulling themselves up by their boot straps of course. That and working " hard and smart"
That's all it takes to be a millionaire in America, right? So quit being a lazy layabout wanting hand outs!
J/k of course. Just mocking the many here that actually feel this way and believe that tripe.
Peanuts compared to Fannie and Freddie (government-sponsored mortgage financers and MBS bundles/sellers). Fannie and Freddie got a $2 trillion bailout. How do we know that happened, and with nary a Congressional vote to do so? Look at the Federal Reserve's H.4.1s:
Nope. That was $2 trillion in QE created by the Federal Reserve, artificially injected into the economy, devaluing the US dollar, and will most likely never be paid off.
Why do conservatives hate the first responders? Oh yeah I forgot. We can strip their benefits but make sure the athletes stand for the anthem. That's a fair trade off.
So, tell us who in the private sector at that level gets over a million in retirement pay.
Hell, the incompetent ones who get fired for screwing up get more than that. Our last CEO got 30M to just leave. He set our company back 5 years.
1M+ for a civil servant seems high I agree, but there is a cost of doing business and people are valuable, vital parts of our society. His leadership may have saved hundreds of lives over the years.
Why do conservatives hate the first responders? Oh yeah I forgot. We can strip their benefits but make sure the athletes stand for the anthem. That's a fair trade off.
If you don't pay a first responder millions a year in pension benefits it means you hate them ?
When is enough , enough ?
L.A is going broke
We recently had to borrow money to pay out lawsuit settlements !
That can't possibly be correct. Liberals keep telling us California has the 6th largest economy in the world. (/sarcasm) Where did all the money go?
6th largest economy in world and highest poverty rate In USA
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