Where does that money go while they are still working? I posed the question today about having the Town change the way they do Future retirement payouts for Town Employees when they retire. What I proposed, what that instead of having the retiree got a Monthly Retirement check for the rest of their life, I proposed the idea of a Lump Sum payout , Principle and Interest included for all the years that money was taken out for the employee's retirement. Give then a Lump Sun Pension check and tell the retiree that their money is their's to spend and invest.

Guess what I was told ???

"We could not do that even if we wanted to. We don't have the money to do that! "

I was shocked at that answer. It makes me wonder what they are doing with the money they ARE taking out of the employees paychecks each Month !!