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Discussion and Debate
Discussion and Debate
Ethics & Morality
Well, I'm just gobsmacked. Who knew?
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<blockquote data-quote="AMOG" data-source="post: 72227966" data-attributes="member: 197538"><p>I agree with Maren. The writing is slanted to say the least. Another important difference between federal employees and those working for state and local governments is how their pensions are paid. Once a federal employee retires, their pensions do NOT come out of the federal tax payer coffers. often times when city employees retire the city is still on the hook for paying their pensions. For federal employees, the pension is purchased by the government every year the employee works (I believe it is through AIG). Thus, when the employee retires, the pension is paid out by AIG, not by the fed. Yes, the tax payers still pay for it, but at least it is accounted in the year the benefit is accrued, not kicked down the road to be someone else's problem in another tax year when the employee retires.</p></blockquote><p></p>
[QUOTE="AMOG, post: 72227966, member: 197538"] I agree with Maren. The writing is slanted to say the least. Another important difference between federal employees and those working for state and local governments is how their pensions are paid. Once a federal employee retires, their pensions do NOT come out of the federal tax payer coffers. often times when city employees retire the city is still on the hook for paying their pensions. For federal employees, the pension is purchased by the government every year the employee works (I believe it is through AIG). Thus, when the employee retires, the pension is paid out by AIG, not by the fed. Yes, the tax payers still pay for it, but at least it is accounted in the year the benefit is accrued, not kicked down the road to be someone else's problem in another tax year when the employee retires. [/QUOTE]
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Well, I'm just gobsmacked. Who knew?
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