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Re: Phelan retiring

From: Suspicious Mind
Date: 04 Sep 2010
Time: 06:12:53 -0700
Remote Name: 71.124.177.160

Comments

Public sector employees pay for PART OF their retirement. The taxpayers pay for the rest. Private sector employees pay over 15% of their income to Social Security (don't forget the 50% that is paid by the company, which would be in the employee's paycheck if the company didn't have to pay it directly to the government), which is higher than what public sector employees pay. And public sector employees get much more in retirement than they paid into the system. This was true of early Social Security participants too, but not anymore.


Last changed: 12/14/11