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1939

(1,683 posts)

9. While the Federal government has been paying their pension obligations

Reply to elleng (Reply #1)

Sun Feb 21, 2016, 07:32 AM

Feb 2016

It always made me cringe wen federal employees talked about their massive "trust fund". I would tell them that the only thing in their trust found was some accounting magic and that the money they had put away and the matching government contribution had long since been spent. Their retirement, when they received it, was coming out of general revenues and could be changed, altered, increased, or decreased at the will of Congress.

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Truth about "The Pension Crisis". [View all] Snotcicles Feb 2016 OP

Thanks. elleng Feb 2016 #1

While the Federal government has been paying their pension obligations 1939 Feb 2016 #9

Thank you for posting this. dmr Feb 2016 #2

Thank you for that suggestion. nt Snotcicles Feb 2016 #3

Thanks for posting. Another thing the government agencies that are doc03 Feb 2016 #4

K&R. Excellent discussion. JDPriestly Feb 2016 #5

Thank you. David Cay Johnston is a national treasure. SheilaT Feb 2016 #6

Thanks for making this problem human. It's really a terrible problem. JDPriestly Feb 2016 #7

Yep. I'm only in my late 60's, SheilaT Feb 2016 #8

K&R This needs more attention! LongTomH Feb 2016 #10