Quote:
Originally posted by sebastian_dangerfield
Why govt employees should get them early and with fantastic lifetime perks is beyond me. Pension obligations have totally fucked up a lot of companies. They're almost like CEO compensation - there's just no reason for so much of it.
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What government employees are you speaking of?
In the fed'l gov't, you get a pension that's (something like) high-three-years X years of service/30. Minimum of five years to qualify, and you can't take it until 62 (or 60). Provisions for an increase if you wait until 70; decrease if you take before 65. Basically, it's the same as many private sectors employers who give a defined benefit plan.
The scandal in pensions is not the benefits, but their routine underfunding by employers.
