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Re: Hillary Wants to Invest in $275 Billion in America

Posted by Henry R32 #3730 on Tue Dec 1 02:02:38 2015, in response to Re: Hillary Wants to Invest in $275 Billion in America, posted by mtk52983 on Mon Nov 30 07:33:40 2015.

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I think all CTA retirees should have their pensions revoked and if they were too dumb to invest in IRA, 401(k), etc. too bad so said. As a taxpayer why should Illinois residents have to pay for those capable of working but voluntarily choose not to and want to sit at home on their computers living on their government handout?

Wow this is a pretty stupid statement... pensions are part of the compensation package, not a 'handout'. When people begin working *anywhere* that is part of the consideration to work there versus somewhere else - everyone wants to know they will be taken care of in retirement.

I work for New York State precisely because there is a pension... it's also the biggest tether keeping me from seeking out better wages in the private sector. A quick look at indeed.com indicates I am sacrificing over 23k/yr to work here (not to mention 6% of what I do get paid goes into the pension system). The *moment* that pension is threatened, the government has no competitive advantage to attract talent, and anyone with half a brain would jump ship for the private sector. Which means, the only people left working in government will be the ones with less than half a brain who couldn't hack it anywhere else (and believe me, there's no shortage of those).

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