My Dad's friend is a retired fire chief, my Dad told me he makes $300K a year in retirement! That is beyond insane as it ends up costing (with a retirement at say 55) about 30 or so years of payments which adds up to $9M for the reminder of his life. This is clearly not sustainable and when you add up social security and 401k it ends up with a kings ransom for a public servant.
ryandrake|1 year ago
I don’t think that retired fire chief’s (or school teachers') retirement is what’s wrong: what’s wrong is that most of us will not have a retirement that good. Why is that? It is possible to answer that question without tearing down someone else’s situation.
autoexec|1 year ago
Everyone who gives a company years of their life should be able to comfortably retire after decades of service, but companies have managed to convince workers that most of them should work until the day they die and only a small precious few deserve to retire and finally be allowed to spend time with their loved ones.
chneu|1 year ago
Only a select few can acquire that kind of retirement and it's borrowed from everyone else. It's selfish.
The pension generations over spent and borrowed heavily to fund their retirement and lifestyles. The subsequent generations pay for that. It's selfish and short sighted.
subsubzero|1 year ago
s1artibartfast|1 year ago
b0dhimind|1 year ago
AnimalMuppet|1 year ago