"fortifications are monuments to man’s stupidity.”
Gen G. Patton
Gen G. Patton
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"fortifications are monuments to man’s stupidity.”
Gen G. Patton
"fortifications are monuments to man’s stupidity.”
Gen G. Patton
What's theoretical? What you call IOU's are US Treasury issued securities. For years some of those have even been available to the public. Here's a quick grab that might illustrate that for Dec 1991.
View attachment 63285
depends on how old he was when he started in the PD Pension. I am a fire fighter and pay 12.5% into the OP&F, my township pays 25%. I will have worked 25 to retire. Prior to entering the pension I did poor the requisite 44 quarters so I am eligible for SS. However it will be reduced because of my pension. Additionally, If my wife is a beneficiary on my pension, her SS payout will be reduced was well... which is absolute hogwashCould be. All I know is he said he doesn't pay in and cannot collect it.
I hear you, you worked and earned it, then you're penalized. My wife is eyeballin' a different job, a 6 year commitment, she'll be 75 when she finally retires for good. You'd think they'd want folks to work and keep generating revenue for the system but the reality is they want to shelf you as cheaply as possible so someone else can have your spot.depends on how old he was when he started in the PD Pension. I am a fire fighter and pay 12.5% into the OP&F, my township pays 25%. I will have worked 25 to retire. Prior to entering the pension I did poor the requisite 44 quarters so I am eligible for SS. However it will be reduced because of my pension. Additionally, If my wife is a beneficiary on my pension, her SS payout will be reduced was well... which is absolute hogwash
That just it. They loaned to themselves. Would have been better to loan to third parties so the money isn't paid back by the same tax payers who made the "deposit."Is that a Madoff Investments statement? LOL
Let's see where we are in 10 years or so. This is how I see it.
A couple create a college account for their kids, the deposit generously and even brag to their friends about how much they save for the kids college. The couple then borrow from the college fund to pay for vacations and other lavish living, replacing with official loan documents. Documents appear to show they have diligently prepared for the kids college and all that needs be done is collect the debts. When they have to pay for college, where does the money come from?
We can either raise the SS tax or other taxes to pay for it or just renege on the promises. I do not know when, but the day of reckoning is coming.
MM
He started this job about 1 week after he turned 21 (about 2009). He is 30 now.depends on how old he was when he started in the PD Pension. I am a fire fighter and pay 12.5% into the OP&F, my township pays 25%. I will have worked 25 to retire. Prior to entering the pension I did poor the requisite 44 quarters so I am eligible for SS. However it will be reduced because of my pension. Additionally, If my wife is a beneficiary on my pension, her SS payout will be reduced was well... which is absolute hogwash
boatman, I'm in the same boat....sort of. I worked for years before I became a cop and contributed to SS. When I became a cop I stopped the SS contributions but contributed to the state's pension system.Could be. All I know is he said he doesn't pay in and cannot collect it.
how high do they make the wall? 45 feet? what happens if someone has a 50 foot ladder and a rope.....then what? or the dig a tunnel under the wall? What are the many ways Mexico will pay for this that won't come back to the American people paying for it (ie higher priced on their goods)?
He has about 9 years in so far but they have no pension. His 'retirement' is pretty poor. They get 50% of their salary after they retire, no pension and no 401k or any other retirement plan. He is now a detective and was just promoted to Cpl. I think he said he has to put 25 years in so at that point he would be 46. It would be really tough to retire from there and not take on another job.boatman, I'm in the same boat....sort of. I worked for years before I became a cop and contributed to SS. When I became a cop I stopped the SS contributions but contributed to the state's pension system.
I lucked out because I started as a cop in October, 1977. The state pension system realized the pension system was too generous so in 1978 they started with a new system that was nowhere as generous.
After I quit chasing bad guys I went back to the private sector and again paid into SS. I have more than enough quarters of contributions that I now get my SS checks as well as my pension checks from the state.
Tell your son-in-law to retire from his cop job as soon as he can and go to work in the private sector so he can contribute to SS.
I know I really regret having a garage door, I just feel so silly having a "fortification" keeping my tools and beer fridge secure...
MM
He has about 9 years in so far but they have no pension. His 'retirement' is pretty poor. They get 50% of their salary after they retire, no pension and no 401k or any other retirement plan.
UNREAL!!!
"Texas Democratic Rep. Sheila Jackson Lee on Wednesday introduced House Resolution 7332, which would "prohibit taxpayer funds from being used to build a wall between Mexico and the United States, and for other purposes."
Currently, there are four co-sponsors: Reps. Karen Bass (D-CA), Yvette Clarke (D-NY), Marcia Fudge (D-OH) and Joaquin Castro (D-TX).
The bill has been referred to the House Judiciary Committee and the House Homeland Security Committee."
MM
More time wasted as many government employees go without pay
boatman, if he still has ~14 years before he can retire, he's nuts if he doesn't get a college education in those 14 years. When he retires at 46 he'll have a college degree plus his 25 years of LE experience behind him.He has about 9 years in so far but they have no pension. His 'retirement' is pretty poor. They get 50% of their salary after they retire, no pension and no 401k or any other retirement plan. He is now a detective and was just promoted to Cpl. I think he said he has to put 25 years in so at that point he would be 46. It would be really tough to retire from there and not take on another job.