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    Posted February 23, 2010 by
    Location
    Watertown, New York
    Assignment
    Assignment
    This iReport is part of an assignment:
    If you ran government

    More from Liberty1955

    Cut Federal and State Employee Retirement Benefits

     

    CNN PRODUCER NOTE     What would you cut? Share your video.
    - hhanks, CNN iReport producer

    Federal, State, County and City employees need to have their retirement benefits adjusted. Many, in the private sector, view Government employees in an enviable position.

     

    Americans in the private sector see government jobs as being recession proof with job security and great retirement and health care benefits. The last stimulus disproportionately saved government jobs over private sector jobs.

     

    Millions of Government employees retire at more per week than they made while they were working. How is this possible? By bumping up overtime in the last years of their government employment.

     

    State of NY workers earning more than $100,000 Soar!:

    http://www.nypost.com/p/news/local/what_bracket_oTo46AklMaLypLXEnNZAKM

     

    In the last three years of their Government employment, they can work overtime and thereby raise what their retirement salary pays them. They receive full benefits for medical coverage and a retirement plus social security. Let's be honest.

     

    This loop hole in the retirement of Government workers is breaking the budgets of Government at the Federal, State, County, and City levels across this country. and costing taxpayers considerably.

     

    Many retire, then take another position in the government and retire from that job. They receive retirement from both jobs and Social Security.

     

    Politicians that serve can retire and then go back and take another job for the government and receive retirements from both. The "gravy train" must end. Double dipping must end. Congressman retire with full benefits and salary for life!

     

    Corporations have asked many employees in the private sector to take pay cuts or face the possibility of their job being outsourced.

     

    Many private corporations have stopped matching retirement contributions made by employees. The same should be done for government employees during this economic crisis.

     

    Government still continues to fund government employees' retirement funds and have to tax private sector citizens more to make these payments. Nothing less should be asked of Public servants as is asked of the employees in the private sector.

     

    It is unfair and needs to be changed. Pension funds government matched contributions should be  frozen. This would save billions of dollars a year until we get back on track.

     

    Buffalo Fireman retires at more than when he was working:

    http://www.buffalonews.com/2009/03/15/608081/for-retiring-firefighters-a-lifetime.html

     

    http://www.buffalonews.com/2009/03/16/609021/overtime-is-endemic-in-buffalo.html

     

    Sheriff deputy in Syracuse:

    http://www.syracuse.com/news/index.ssf/2009/12/how_deputies_work_lots_of_over.html

     

    State of Virginia, same story:

    http://www.washingtonexaminer.com/local/More-than-10_000-Va__-Md_-employees-making-_100k-8739684-81045482.html

     

    This is a national problem. People in the private sector are tired of paying for this scam.

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