Jolly_Rancher

Pension Underfunding: The Next Earnings Shock?

Actually, state guard can quit. And none were forced to join. I'd say that service men who did active duty get full pension, but the rest are considered in the same category as government bureaucrats. How many active troops are in Iraq and Afghanistan, compared to the total forces? And so how is our military stretched thin? That's a joke. Most of the military today are paper pushers. First thing Obama should do is cut the Pentagon budget by half and tell the brass to stuff it. The guys on the front line get no support from them. This from a retired marine.


On Mar 07 06:13 PM bigmoney wrote:

> >> Of course, in tried fashion, nobody is willing to acknowledge
> the problem, and all involved parties are pushing hard to postpone
> judgment day.
>
> The first rule of Pension Club is that nobody talks about Pension
> Club ~ Tyler Durden. Haha
>
> I'd like to see some charts of the S&P500 that has frozen their
> pension. My company, one of the above listed, froze theirs a few
> years ago.
>
> Another thing I would like to see is Pension total value over time
> / vesting. I believe the typical curve is exponential
>
> A frozen pension means that many baby-boomers working at these S&P500
> corps will have their pension frozen just as they enter the power
> curve of vesting. Talk about a rude awakening.
>
> Anyway, I think its about time the public sector start taking pension
> haircuts like everyone else. The only government sector that should
> get special protection is military, because once those guys sign
> a contract, they cannot quit. Politicians, administrators, social
> workers, IRS tax collectors can easily do with less. If they don't
> like pension haircut, they are free to quit, and get a job in the
> private sector. I don't think we'd be the less for it.