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Wednesday, January 28, 2015

5 Things You Need To Know About MD's Looming Debt & Pension Crisis


3 comments:

Anonymous said...

This is right on the money.

There is no way we can keep up with pension and other generous retiree benefits in the State of Maryland. Congratulations to the Governor for telling it like it is!

Anonymous said...

I don't understand how someone works their entire lives for a pension that may or may not get. But we can give people SSI who haven't worked a day in their life. Give welfare for generations for people who never or even wanted to work. Now tell me WTF is wrong with that situation.

Concerned Retiree said...

If the pension system is in such a debt problem then blame the past Governor and the Legislature. They have been robbing the Pension system for years just like the Feds have been robbing SSI.
What are the generous retiree benefits? We had to mandatory donate a percentage of our pay every payday to the retirement system. What was the only good thing was the Health benefit. Then the past Governors ruin that by cutting those benefits drastically. We can still participate in the system but it has very little benefit to the Retiree.
Our pension system was rated in 2000 in the top 5 pension systems in the US as for as stability for 20 years. That was as far as they estimated.
Individuals making comments should know the facts before making, putting it politely, Assumptions.
Put the blame where it belongs, on the POLITIANS.