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by anonymouskimmer 1158 days ago
Did you have a pension as an employee? Significant stock options?
1 comments
hinkley 1158 days ago
Nobody in America has a pension, and half the people who think they do are in for a rude surprise later on.

Boeing phased out their pension eligibility back in the mid 00’s as I recall.

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anonymouskimmer 1158 days ago
Exactly around the time the GP was laid off and brought back as a contractor.

I have a pension. It's guaranteed because it's a state government job and state governments in the USA are constitutionally forbidden from abrogating contracts (the Contract Clause, yeah, sure, there are exceptions, but this is unlikely to be one of them).

To fund it they spend 23% of my salary (some taken out of my salary, some additionally funded by them).

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hinkley 1158 days ago
Yeah I should probably say private sector.

However if government pensions did go belly up you’d see the use of QE, which will cause inflation, at which point they are still giving you the promised thousands a month but they aren’t enough to live on, and fuck everyone else over at the same time.

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