Should pension plans for federal, state, and local government workers be transitioned into privately managed accounts?

Yes

Yes, pension spending is out of control and must be reduced

No, privately managed accounts will jeopardize the financial security of senior citizens

Yes, but only for future workers

It should be up to the worker in question whether they'd like to or not.

I think it should the be workers choice but give incentives for private accounts and insure that the worker will not lose any money if they choose to privatizetheir pension plan.

That should be up to the government worker

Pension plan should be public, however I am not oppose to private pension plan on top of it, as long as there is a public pension plan that can pay enogh for the elderly people to live well

Have no real idea on this one

Yes because government employees should have to budget for their future like everyone else does.

If the government worker wants the plan to be transitioned to a private account that should be allowed.

No, but I think it should be the workers' choice, therefore give incentives for private accounts and insure that the worker will not lose any money if they chooses to privatize their pension plan

Yes, subject to the worker's discretion

I think this should be decided by the person that owns the pension.

They should be defined contribution instead of defined benefit

I don't have an opinion on it, I'm not educated on this subject enough to know

No, but there should be alternatives found to fund senior aged workers and retirees.

No, if they reduce it they must increase their salary

it should be a mix and open to choice decision of the workers when being signed.

Yes but not for politicians

indifferent, the transition to privatized banks would pose some threat to large banks, which would be good, but an untrustworthy bank could ruin millions

We should not have pension plans, and people should be allowed to spend their money on what they wish.

What are pension plans...?

I feel you should have the choice to manage your own, or have the gov’t continue to manage it for you

I feel these workers should have options for investment similar to those who work in the private sector.

I think that it should be up to the worker to decide whether or not they want their pension plan to be managed on a private account or not.

It should be up to the individual's choice, however I believe that there should be incentives to transition to privately managed accounts

Yea but only if our system is made for people to retire earlier and financial education is required from day one.

No, because federal, states, and local government workers are not privately employed, so pensions should not be privately owned or operated.

Pension plans should be overhauled for more equity between generations and to allow for more fiscal responsibility and longevity

The effectiveness of private accounts in ensuring the financial security of senior citizens depends on various factors, including the regulatory framework, investment options, and risk management strategies implemented within such plans.

No, pensions should be public and guaranteed by the National Treasury, and people should not need to rely on market based schemes like IRAs and 401(k)s, insulated from the turbulence in the Market and the predatory nature of speculators.

Pensions should be the responsibility of the government to provide. After a career of public service the least the government can do is provide pensioners with an adjusted for inflation, full salary guaranteed lifetime pension.

I dont really have a stance on this. I think that if new employees aheva private plan, so be it but I dont think that any changes should be made to current workers

The workers should be allowed to choose if they want to manage the accounts themselves or keep it in government management.

Yes, if the government worker makes the choice to transition their pension into a privately managed account.

Recipients should be able to choose whether they want their plan managed by the government or by themselves.

Yes - definately for all future workers including Congress and the Prez. In addition, Local, State and Feds and any remaining private or semi-private companies need to come up with a plan - and stick to it - so that all current pension plans are fully funded and invested. Pensions were a nice theory, but allowing companies to defer fully funding them each year, esp. during the baby boomers years has created a huge deficit, burden and problem for the financial current and future of those programs. This is a topic most ordinary citizens do NOT understand.

Only for future workers, since older workers won't be able to deal with the volatility of the market very well.

Pensions such as this should not be limited to just federal, state, and local government workers. Everyone deserves to be funded enough to live reasonably in their final years.

If they decide to put the plan into private accounts, they should be able to do that. It should not be mandatory, but optional.

This should be decided by the federal, state, and local government, not a unanimous one-size-fits-all rule.

Yes, the federal government has no right under the constitution to be involved in pensions or retirement funds.

It should be provided as a choice to recieve pensions through private and public forms.

Make it the personal choice of the worker

No, unless we plan to pay gov workers more . This the only thing they can count on , otherwise they would work in private sector,

Yes, if the recipient deems it so.

Yes, if workers agree to have plans in privately managed accounts.

No, and expand pensions to non-union, private sector employees.

There should be an opt in where workers can make their own choice.

No, the government has promised a pension of governmental work and thus they must abide by it.

Should be up to individual choice

Yes, as long as everyone is, or can be in control of, their own accounts

I am neutral or unknowledgeable on the topic

Yes, privatize all federal government pensions, and give taxpayers the option to privatize social security

Yes, pension spending is out of control, but we should allow senior citizens to receive benefits allowing them to be okay after retirement.

Own choice

Yes, but it should be a the workers' discretion whether they use a privately or publicly managed account.

No, only for employees that opt to transition to privately managed accounts

i need to research more about this

Depends on the individual worker's decision.

No, but the worker should still have the option of privatizing his/her plan. Ensure that the worker will not lose any money if he/she chooses to privatize his/her pension plan

They should be moved in a way that works with social security as opposed to independently so that we don’t pay twice.

Governments and their workers can do whatever they like.

Existing plans should remain the same because senior citizens depend on it and it should not be disrupted. New participation should be phased out.

If the workers want too.

Doesn't matter. They employer and employee can decide whatever they like.

Any such pension funds should go towards the budget for universal basic income, as everyone should benefit from a level of basic assistance with no distinction between those who do and do not work for the government of any particular jurisdiction

Yes, but privately managed accounts must be fully protected no matter what, and al employees must be required to contribute a certain amount to each retirement account.

Yes, and all employees should be required to make contributions to their retirement accounts.

It should be determined by each individual which they want to be with.

Give employees the option of a pension, private accounts, or a split between the two.

Yes, but transition new employees now and give current employees option to transition or remain in current system.

I think they should have to choose pension or 401(k) not but 5% either way should be bare medium

Sure, I dunno

Federal, state, and local governments should make their own decisions on where to invest pension money. Input should be taken from the workers.

Just set up a federal sovereign wealth fund.

Allow options.

Pensions are too expensive. Eliminate government pensions.

No, abolish private property and wealth accumulation. Unionize all people and create a UBI system

get rid of them all and give government employees the same freedom to invest or not invest part of their income like the rest of us. Government pensions is one of the biggest swords dangling over our economy. Plus I want most government employees gone anyway.

No but stop allowing moratoriums on annual contributions

All pension programs should be eliminated, instead every citizen should have a annuity bank account that 5% of there check goes into and can't be touched until they retire

Yes, but the accounts should be the type that still gain. Although maybe gained slower during recessions and depressions those type of accounts do exist. They're usually broad-based and they work well. There were people that actually made more money during the Great depression because of broad-based accounts that worked well so that caveat should be in place to ensure that these pensions cannot disappear. They'll be stable, long-term growth pensions

I feel that I am not educated enough on this issue to contribute a stance.

Simply working in government should not boost you above others who possibly worked harder than you throughout their life, it should be similar to other rates.

Missed my pension by a few years. This is Union speak. Why is this relevant to a quiz to 10th graders.

No, pension plans for government workers should not be entirely transitioned to privately managed accounts.
Instead, governments should consider modernizing and securing existing pension systems through reforms like:

Adjusting benefit formulas,

Improving funding practices,

Offering hybrid plans (a mix of pension and private account), and

Enhancing financial education for public workers.

This balanced approach preserves retirement security while addressing sustainability and fairness.

Pensions should not be taxed and should be managed privately by their owners once retiring but while still being employed it should be co-managed with the company and owner of the pension

Should be an option for each individual worker, with the government giving several options for managing companies.

They have rights to put their pension plans to private account, but give them important advice not blow too much money on private accounts.

No, it should be a personal choice, however there should be incentives or options for the transition.

It should be the workers' choice, therefore give incentives for private accounts and ensure that the worker will not lose any money if they chooses to privatize their pension plan

No, with privately managed accounts there is a higher risk of losing money from either a scam or the economy.

i think that the worker should be able to choose and be insured that they will not lose any money if they choose to go private

I don't think anything should necessarily be required or regulated, but it is up to each individual.

No the government shouldn't be privet about anything the people should know what the government is doing at all times.

My thoughts are pulled on this one. I believe that It should be up to the citizen to have a private account.