The average retired federal employee receives a pension (retirement plan) of $32,824 annually. Total unfunded pension liability for all U.S. cities and counties is an estimated $574 billion. In addition to their pensions, federal employees are offered a 401(k) plus 5% matching, whereas the average private employee is offered 3 percent matching of 401(k) without pension.
Deleted2yrs2Y
I’m uneducated on this issue
Deleted2yrs2Y
No, pension should be abolished
@4SR2B9H2yrs2Y
Government work shouldn't exist, all work done by the government can and should be done by the free market at a cheaper cost
@92JXK3J2yrs2Y
Government workers should also have the choice to decide on their own on whether they prefer privately managed accounts.
@9344LDW2yrs2Y
Yes, but with a lot of restrictions for those who can manage them and what they can do with them
@watsonco212yrs2Y
No, all new employees should be enrolled in 403b plans instead.
Deleted2yrs2Y
Yes, employees should have the option to manage their pension plan if they want to choose between public or private accounts, but give incentives for private accounts to ensure that the worker will not lose any money if he chooses to privatize his pension plan.
@8YJ6ZGY2yrs2Y
It should be up to the employee on what they want
@8TB798W2yrs2Y
Yes, but only for 1) future workers and 2) current workers who agree.
Deleted2yrs2Y
Yes, employees should have the option to manage their pension plan, if they want to choose between public or private accounts, or switch their pension plan into a privately managed account, but give incentives for private accounts to ensure that the worker will not lose any money if he chooses to privatize his pension plan.
Deleted2yrs2Y
Yes, employees should have the option to manage their pension plan, if they want to a) choose between public or private accounts, or b) switch their pension plan to a privately managed account, but give incentives for private accounts to ensure that the worker will not lose any money if he chooses to privatize his pension plan.
Deleted2yrs2Y
Yes, employees should have the option to manage their pension plan, if they want to (A) choose between public or private accounts, or (B) switch their pension plan to a privately managed account; but give incentives for private accounts to ensure that the worker will not lose any money if he chooses to privatize his pension plan.
Deleted2yrs2Y
Yes, everyone has an option to switch his/her pension plan to a privately managed account, but give incentives for private accounts to ensure that the worker will not lose any money if he chooses to privatize his pension plan.
@8XZ2SSR2yrs2Y
The worker should have the choice of where to keep his account
Deleted2yrs2Y
Yes, it is their own choice to switch his/her pension plan to a privately managed account, but give incentives for private accounts to ensure that the worker will not lose any money if he chooses to privatize his pension plan.
@8XMFN982yrs2Y
Give them the choice to choose
Deleted2yrs2Y
Yes, it is their option to switch his/her pension plan to a privately managed account, but give incentives for private accounts and ensure that the worker will not lose any money if he chooses to privatize his pension plan.
Deleted2yrs2Y
Yes, it is their option to switch his/her pension plan to a privately managed account but give incentives for private accounts and ensure that the worker will not lose any money if he chooses to privatize his pension plan.
Deleted2yrs2Y
Yes, it's the worker's choice but give incentives for private accounts and ensure that the worker will not lose any money if he chooses to privatize his pension plan.
Deleted2yrs2Y
Yes, it should the be worker's choice but give incentives for private accounts and ensure that the worker will not lose any money if he chooses to privatize his pension plan.
@7D8YPRX2yrs2Y
Yes, If its managed by the beneficiary
@8LG9WPJ4yrs4Y
Stop all future workers' pension plans and make all retirement plans the same as 401k. Politicians should have term limits, lower salaries, and should NOT be able to get a pension for life.
@8KX67Q94yrs4Y
Yes, but it should be an optional transition and the choice of publicly managed accounts should still exist.
@87KZ8P54yrs4Y
Only if the privately managed accounts are guaranteed, with penalties to the fiduciaries for failure to grow the wealth at all times. If the pensions go away, social security will have to pick up the gap or people won't be retiring which raises medical costs.
@8KLLCKT4yrs4Y
It should be decided at the state level
@8JBN6KV4yrs4Y
This depends. I want the best interest of the peoples money in mind.
@8HJ8G9M4yrs4Y
I don't have enough understanding to have an opinion.
@8HDWQKS4yrs4Y
Yes, but we should create a cutoff point for younger generations and allow current recipients to maintain their current pension plans. This allows a transition time too, so that younger generations pensions will go directly into privately managed accounts.
@7Z659224yrs4Y
No, but I think it should be the workers' choice, therefore give incentives for private accounts and insure that the worker will not lose any money if they chooses to privatize their pension plan
@52P5M5S4yrs4Y
I think it should the be workers choice but give incentives for private accounts and insure that the worker will not lose any money if they choose to privatizetheir pension plan.
@3JZS28T4yrs4Y
Yes, completely eliminate all new government pensions effective immediately.
