Should pension plans for federal, state, and local government workers be transitioned into privately managed accounts?
The average retired federal employee receives a pension (retirement plan) of $32,824 annually. Total unfunded pension liability for all U.S. cities and counties is an estimated $574 billion. In addition to their pensions, federal employees are offered a 401(k) plus 5% matching, whereas the average private employee is offered 3 percent matching of 401(k) without pension.
@ISIDEWITH10yrs10Y
No
Employees agreed to perform a specific job with a defined set of compensation. Changing the employees' compensation violates this agreement. If you would like to change the compensation for future employees that may be fair but keep in mind that those interested in the job may not be as eager to apply if the compensation has changed. This is already visible in many public service areas.
@ISIDEWITH10yrs10Y
@ISIDEWITH10yrs10Y
@ISIDEWITH10yrs10Y
@cryingleftist3yrs3Y
It should be up to the worker in question whether they'd like to or not.
@52P5M5SLibertarian4yrs4Y
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.
@8GPQNKC3yrs3Y
That should be up to the government worker
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
@979QPS71yr1Y
yes, but this should be an option rather than a requirement
@978JH27Republican1yr1Y
Yes, only if those workers choose to do so.
@975GXH81yr1Y
If the government worker wants the plan to be transitioned to a private account that should be allowed.
@98LD89W1yr1Y
No, increase pension spending and offer public pensions to the private sector
@8D7J9N34yrs4Y
Yes, subject to the worker's discretion
@9KL2GQ33wks3W
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
@9K8LLG81mo1MO
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.
@9JRKJRK 2mos2MO
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.
@9JC633B2mos2MO
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.
@9JBWMCFProgressive2mos2MO
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
@8YB7SR32yrs2Y
Yes, and they should be increased....
@8Y9V6MS2yrs2Y
ensure that all persons worked receive same benefits
@8Y9QYNS2yrs2Y
As long as they aren’t being cheated or gained, who cares?
@8Y9GFL52yrs2Y
I am neutral on this topic.
@8Y46ZQ52yrs2Y
Each person should be able to chose and accept all risks.
@nunuhyozeRepublican2yrs2Y
Yes, except for retired military Veterans. Their pensions should be guaranteed by the US Government. All other pension plans should be privatized.
@8XSCS7M2yrs2Y
@8XSC9X82yrs2Y
It should be the choice of the employee, they should choose between the two options.
@8X8QXB8Republican2yrs2Y
Yes, just so spending doesn't get to crazy
@8WXX55XIndependent2yrs2Y
Yes. Pension plans should be reformed so they do not cripple government budgets. There should be an option for workers to put their pensions into a portion or all of their pension into a private account in their name that the government legally cannot touch. There's also a chance that the government spending can get out of control and then have trouble meeting their pension obligations to their workers
@8WQMK292yrs2Y
It should be a choice for each government worker to make.
Depends on specific scenario.
@8WP52XB2yrs2Y
End government penssions
@8WMGJGF2yrs2Y
Employee should be offered a choice.
@8WMF7Z52yrs2Y
Yes, but those accounts should be held to strict standards to ensure the security of funds for those workers who earned them.
@8WGSBQRLibertarian2yrs2Y
Yes for future workers, current workers and retirees should have the choice of whether to transition to private accounts.
@8WGNDTVIndependent2yrs2Y
You should be able to have the option to chose what you want.
@8S63MXL3yrs3Y
What are pension plans...?
@8S6B8BK3yrs3Y
No, but you should have the option to do so if you want.
@8S5YMHWProgressive3yrs3Y
No, but some pension plans should be reduced.
@8RN2J9V3yrs3Y
I feel that I am not educated enough on this issue to contribute a stance.
@8RMYGPC3yrs3Y
No, we should abolish pension plans for government workers
@8RJS6QRRepublican3yrs3Y
No and the workers should have access to there own pension plans not the government.
@8RJGHJC3yrs3Y
Yes, but only if it's optional
@8RJBHGN3yrs3Y
Government does nothing to add to the GDP...it is a consumer, not a producer. Pensions (and salaries) should be commensurate the level of production and ratio of benefit to burden in doing so.
@8RHVB5M3yrs3Y
No, but you should allow the worker to choose if they want to make it a private account.
@8RHB6NK3yrs3Y
Pension plans for senators and congressmen/women should be ELIMINATED and they should be FORCED into the same Social Security Plans average citizens are forced into. Other state and local government workers should be transitioned into Private Accounts
@8RDKWK73yrs3Y
Well if we reduced the pensions, pay rates, and benefits of our senate and house reps this problem would likely reduce. limiting terms would aid in this too.
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