Everything is Rich Peoples fault

[Deleted User 89]

my pops played it right

worked for the feds for 35 years, formally retired at 65 with something ridiculous like 90% pension (still gets 90% of the salary he had when he retired...they don't do that anymore, i don't think), and still works so is double-dipping

he'd probably keel over if/when he ever stopped working

My dad has not only a pension buy was offered deferred payment for some of his salary. Since their living expenses were minimal, he maxed that out so he takes home more in retirement than he did the last decade of working.

cushy

could be wrong, but it really seems like these “loop holes” have largely disappeared

[twocoach]

my pops played it right

worked for the feds for 35 years, formally retired at 65 with something ridiculous like 90% pension (still gets 90% of the salary he had when he retired...they don't do that anymore, i don't think), and still works so is double-dipping

he'd probably keel over if/when he ever stopped working

My dad has not only a pension buy was offered deferred payment for some of his salary. Since their living expenses were minimal, he maxed that out so he takes home more in retirement than he did the last decade of working.

cushy

could be wrong, but it really seems like these “loop holes” have largely disappeared

They are certainly going by the wayside it seems. My employers stopped doing pensions a few years after I started working for them and now do a 401k match program.

[Sparko]

401Ks are only as good as the next Lobster (tm) Housing Crisis. Reagan changed the Feds retirement system to a ridiculous 1 to 1.1 percent of the highest salary of the last three years they are employed. And switched to a reliance on SSA and a 401K mechanism. They can still invest in G-Fund bonds which won't ever lose money--the GOP tried to halt that too. The loss of pension jobs and late age financial insecurity has really hurt the middle class more than any other Republican policy.