Alabama Town's Failed Pension Is a Warning

Started by Lunican, December 23, 2010, 10:40:04 PM

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BridgeTroll

#15
December 27, 2010, 01:53:22 PM
QuotePolice and Firefighter pensions are "high liability pensions".

These positions... like the military... also "retire" long before workers in other professions.  Very few cops, firemen, or military can stay in that prfession until retirement age.
In a boat at sea one of the men began to bore a hole in the bottom of the boat. On being remonstrating with, he answered, "I am only boring under my own seat." "Yes," said his companions, "but when the sea rushes in we shall all be drowned with you."

dougskiles

#16
December 27, 2010, 05:04:21 PM
You guys are talking about the police and fire pensions.  What about the other city employees?

I must confess, I don't much about the city's pension plan.  Exactly who is qualified to receive pensions?  And how much for how long?  How long do they have to work to qualify?
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