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Re: “City Will Shift to “Defined Contribution” Pension Plan for Employees, Chief Little Says

STEVE TAPP, do you realize the city and their taxpayers have saved millions of dollars by contributing to a pension rather than the social security system? That's because the city pays a lower rate by paying into pension than it would paying into social security..... Oh, and better than that the city has forgone their obligation the last 7 years and have not put a dime into pension plan... Yep that's right ZERO! Kinda blows your grand ideas for public sector retirement up huh?......
Know what your speaking about before you speak on it....

28 likes, 12 dislikes
Posted by JLAW on 09/14/2013 at 9:04 PM

Re: “City Will Shift to “Defined Contribution” Pension Plan for Employees, Chief Little Says

Tough Love, just curious what your answer is for the firefighter that has to work until he is 65-70 yrs old?.......
I assure you that if you or one of your family members was choking on thick black smoke with zero visibility and had flames lapping at your behind, you would not want the 70 yr old firefighter who needed to retire 15 yrs ago but couldn't because his pension was yanked out from under him. So now, this old man with MULTIPLE ailments from the years of WORK that no private sector job has ever seen, is your only hope to drag you and your loved ones out of this burning building.......
Police and fire put their lives on the line daily in this city for you and your loved ones. They put their bodies and their minds through things no "private sector" employee will ever see in the lifetime, on a daily basis.
I urge you to go and do a ride along in the inner city for just a few hours with the MPD or MFD and then let everyone know what your opinion is of their current retirement plan and if it is too lavish for what they do...

39 likes, 14 dislikes
Posted by JLAW on 09/14/2013 at 8:55 PM


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