Quote:
Originally posted by sebastian_dangerfield
I don't understand why anyone gets a pension in the first place (other than those to which they contribute, which I do understand). Why should anyone get paid again for work they've already gotten paid for? Goofy idea past its time.
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The same could be said for any non-cash employment benefit, no? The pension doesn't materialize out of thin air. It's part of a compensation package--some immediate, some deferred, some non-cash. Now, I know as a GA, it's supposed to be all cash, all now; but some rational people, who look at the longer term as well as tax consequences, may prefer compensation in other forms and at other times.
As for gov't, it depends on the gov't, and it depends on what promise was made to the workers.
