General Politics Discussion (XI) [ARCHIVED] World • Page 1416

https://meidasnews.com/news/bring-b...r-panelist-has-pro-trump-social-media-history

 

i know a Thunder Down Under hate to see her coming

 

This thread’s been bad enough lately now I gotta see Bill Simmons movie takes??

 

Let me clarify; for fiduciary purposes, employer contributions always remain with a pension. Where in a 401(k) there may be a match component that vests immediately, or in a year, or 3 there is no vesting of employer contributions in a pension. On top of that, if one wishes to separate from a job with a pension at any time, they don't get their contributions, which has ideally grown over time with the market at say 6-9%. Instead, you merely get the cash value of your contributions, which have not grown over time. This unequally yoked investment vehicle creates a scenario where one is dependent on remaining with an employer/employer system for the duration of their career until they reach the 25+ year mark. If a sector/field/business becomes untenable for that person, and it would be best for them to switch careers or leave entirely, they have an outsized risk when separating by forfeiting the benefits of the pension.

Under federal law, state and local governmental employees may be excluded from Social Security if they are members of either a (1) defined benefit retirement system that provides a benefit generally comparable to that provided by Social Security or (2) defined contribution retirement system to which a minimum of 7.5 percent of his or her pay is credited to a retirement plan account from a combination of employer and employee contributions. Any governmental employees who are not covered by one of these two types of retirement systems must be covered by Social Security. In California, many public employees—including virtually all teachers, peace officers, and firefighters—are excluded from the Social Security program, and often from medicare—though this is usually not explained when new teachers join the profession.

Here in Missouri, teachers who retired before around 2000 or so did not pay into medicare. Today's Missouri teachers do. But those who retired before do not have access to Medicare; they instead remain on their former school district (not state, district-level) plans.

I worked for a rural district. In 2019, our consortium of districts (which banded together to try to get better rates) was being disbanded. This is because our consortium, which was largely geographic-based, was made up of several small districts. Retirees, who in may cases had not taught since the previous century, were getting older, sicker, and having more claims on the consortium plans. This caused the average consortium plan holder to appear more of a risk to the insurance company, causing rates to jump by 135% or thereabouts. And mind you, this was with a working staff with an average age of 28, and an average salary of $30K. For all intents and purposes the staff seemed healthy, participated in wellness programs, and even paid into Medicare! But this lingering situation all of a sudden choked the teaching base, and what had once cost $300/month to cover a family now cost $700.

I know this does not directly relate, but my greater point is this; again there are significant benefits to pensions, yes. But it's not a simplistic case of "Pension=Good, 401k=bad". Each have their own benefits and risks, and if one has access and the means to participate in both, utilizing each of them to build a surer financial footing can be life-changing for someone in the working class.

 

Did he say pretty pretty please?

 

Ok

 

I now have a 401k for the first time in my life as of like two days ago

 

Gotta love even the "yes mommy more war please" neolibs are still fully on board the "fuck Houchul" train

Hating her might be the single more unifying stance across the entire political left

 

Obama went yimby? He’s building affordable housing right next to his 3 giant homes?

 

…what is yimby

 

It’s yes in my back yard in contrast to not in my backyard. Usually refers to affordable housing in the suburbs or something like that
I also didn’t watch his speech and only saw that tweet so I don’t know what he actually said

 

A thing I support, but man does that sound like a slur

 

Still confused by the Yimby vs Nimby thing.

I have heard people who want affordable housing in the suburbs called Yimbys, and I have also heard people who want to build gentrifyng luxury condos called Yimbys.

 

Ah maybe that’s what Obama meant lol
I have also heard tribes who don’t want gas pipelines going through their land called nimbys. I never cared for the terms

 

The weekend is off to a great start

 

Tribe of the Nimbys sounds like something from a new Banjo-Kazooie game.

 

The most obvious answer is always the Democrats are more evil than we’ve been giving them credit for. That scarves guy is real real disgusting while also being pretty emblematic of the Dems real feelings.

 

Sure feels like the Dems are positioning themselves a little right of center these days. They saw the right move far right and wanted to narrow the gap.