Originally Posted by
jennifer7
Love how you change the subject, Why dosen't the Buffalo News & the local TV Stations have stories about Pension Spiking, Here's how Pension spiking works. if you working 30 years and you started out making $50,000/year and year 27 your now making 85,000/year. in Years 28 to 30, They work as much overtime as they can and say they make 120,000/yr The government pensions only use the last 3 years of salary, So the Pension is $120,000/yr for life, plus fully paid medical insurance
and the cost keep raising, Add this with the $150,000 or more cash out bonus at retirement for the unused vacation & sick time in a30 year career, Look how many governmemt workers their are and will be retiring soon. How many of these 6 figure pensions & 6 figure cashout bonsus can each Town & Village afford and then add tax base keeps shrinking, Every Town & Village knows their going have to keep raising taxes every year at higher & higher percents forever. You only can raise taxes only so much