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subsubzero | 1 year ago

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.

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ryandrake|1 year ago

What about solidarity? Instead of criticizing another worker’s situation as “insane”, we should be asking: why can’t we also have this kind of retirement package? They’ve successfully pitted worker vs worker.

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

It comes from crab bucket mentality and a pervasive fear that somebody somewhere might be getting something they don't "deserve".

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

Because it isn't sustainable.

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

I don't think you understand my issue with this persons pay(and not theirs but alot of city workers). I am fine with a private company paying out of their profits any amount they deem reasonable to a retired leader. Where I have the issue with this is his retirement is bankrupting the entire state/county/city(this is in California) and depriving working productive citizens vital amenities. Having a $300k per year pension is beyond extravagant and is not needed to sustain a healthy lifestyle. I mean looking at tax returns and income brackets that would put his retirement salary(not including 401k and social security) well into the top 5% of all earners and he is not even working.

s1artibartfast|1 year ago

US GDP per capita is ~80k. IF you eliminated every billionaire and leveled every salary, this is the max you could get. Much less in actuality, because you would have a universal tax rate of about 40% on that to support the federal government, so ~50k per person after taxes.

b0dhimind|1 year ago

DOGE needs to take a look at this. Government jobs are totally unfair.

AnimalMuppet|1 year ago

Unless the fire department is federal, DOGE has nothing whatsoever to say about the matter. They don't get to give orders to state or local government, no matter how much they may want to.