They need to be stamped out in the public sector because guaranteed money on the backs of tax payers designed by people with a conflict of interest should be criminal.
They need to be stamped out in the public sector because guaranteed money on the backs of tax payers designed by people with a conflict of interest should be criminal.
Unfortunately, it's probably never going to be stamped out in our lifetimes. That's why they should be doing everything they can to minimize the risk. Get rid of these bullshit projections of 7%+ of growth for the funds. If I'm understanding my investment #'s correctly, anything above 5% is considered extremely good and not likely and instead should be expecting something more in the likes of 3%. Employee's contributions are already pre tax on our paycheck, just bump that shit up to a 20-25% contribution, lower the county/state portion and be done with it. I'd take 150 less a check if it meant shit's not going to go broke before I can even collect on it.
Dem state is junk.
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It will happen when politicians have to pay into their own 401k's and any votes for senate/house pay raises are done by the public