Government retirement has been changed to be very... unprofitable for the employee, assuming you've been hired after 2013.
Basically, 4-5% of your annual wage is 'paid back' into a mandatory 'retirement fund'. Then, if you manage to survive until age 62 and retire from government work, you get 1% of your annual wage back per year for each year you worked.
Basically, factoring in any interest you could have been earning on that money for all those years you worked, you have to survive at least 7-9 years after retiring to 'break even'.
So, yeah, the government retirement system's already changed. Right now, it's waiting for it to propagate through the entire workforce.
That is because he is a reprogrammed T800 and knew Judgement day was coming. It was all in preparation for John Connor to arrive, but then Skynet sent in the latest models of robotic NPCs and Soros5000 to ruin his plans.
No - Coronavirus, aka WUHAN CHINESE COMMUNIST RED DEATH™, is the ChiCom Skynet™, which is not as good as ours. Ours is great. You've never seen a Skynet™ like ours. It's the greatest Skynet™ the world has ever seen, or will ever see!
Welcome to the problems in IL as well. Unions and pensions are destroying our state.
And NJ!
Govt employees must be switched from pensions to 401k's. For the sake of our kids' and grandkids' future!!!
Government retirement has been changed to be very... unprofitable for the employee, assuming you've been hired after 2013.
Basically, 4-5% of your annual wage is 'paid back' into a mandatory 'retirement fund'. Then, if you manage to survive until age 62 and retire from government work, you get 1% of your annual wage back per year for each year you worked.
Basically, factoring in any interest you could have been earning on that money for all those years you worked, you have to survive at least 7-9 years after retiring to 'break even'.
So, yeah, the government retirement system's already changed. Right now, it's waiting for it to propagate through the entire workforce.
Kentucky too sadly
No you got it all wrong! Didn’t you read the story! Jerry Brown was just a “fiscally minded Democratic governor.”
FIscally-Minded Governor Moonbeam
He ran out of other people's money...
Like is fiscally-minded bullet train money pit. Do not get me started.
That is because he is a reprogrammed T800 and knew Judgement day was coming. It was all in preparation for John Connor to arrive, but then Skynet sent in the latest models of robotic NPCs and Soros5000 to ruin his plans.
We're still working on Skynet™, man, the virus won't stop us...
"Skynet is the virus!"
No - Coronavirus, aka WUHAN CHINESE COMMUNIST RED DEATH™, is the ChiCom Skynet™, which is not as good as ours. Ours is great. You've never seen a Skynet™ like ours. It's the greatest Skynet™ the world has ever seen, or will ever see!
Unfortunately he allowed for Proposition 14 on the ballot (Jungle Primaries), which gave us a Dem Super Majority.
Given that CA is so earthquake prone I’m surprised they didn’t already have something like this decades prior.