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Rep Retirement Lodge 134: Huh?

Rep Retirement Lodge 134: Huh?

  • Yes

    Votes: 28 75.7%
  • No. JK, Yes!

    Votes: 15 40.5%
  • Of course!

    Votes: 23 62.2%
  • Is Giada wrapped in it?

    Votes: 22 59.5%
  • Freddy Meyer hacked it!

    Votes: 12 32.4%
  • With eggs.

    Votes: 18 48.6%
  • Bra?

    Votes: 15 40.5%
  • Underware?

    Votes: 11 29.7%
  • Umbrella.

    Votes: 4 10.8%
  • Thunder bacon!

    Votes: 15 40.5%
  • Super Bacon!

    Votes: 15 40.5%
  • Coffee Bacon!

    Votes: 13 35.1%
  • I'm bored.

    Votes: 11 29.7%
  • I can't think of anything else.

    Votes: 7 18.9%
  • Yes we can!

    Votes: 12 32.4%
  • Liquid Bacon?!?!?

    Votes: 10 27.0%
  • Chocolate Bacon!

    Votes: 19 51.4%
  • Bacon Tree!

    Votes: 15 40.5%
  • Bacon Flavored Bacon!

    Votes: 21 56.8%
  • Tofu Bacon! JK, that's wrong on so many levels.

    Votes: 4 10.8%

  • Total voters
    37
Status
Not open for further replies.
I recall that Foxton was in the red before the repping frenzy four summers ago.

Hell, I was the one that brought him in. I thought he might be useful in agitating the Tech fans with Football talk. He agitates all right, just not so much in football. Plus now I have a bigger ax to grind with the UMD fans now. ;)
 
Re: Rep Retirement Lodge 134: Huh?

Three meetings tomorrow... back-to-back-to-back... I was reading an article today about a back-door paycut of about 5% (they'll claim its about the pension, make me contribute more to my pension while they contribute less... thus being a paycut without it actually being on paper... since I don't get an option its a paycut not a pension reduction).... why the hell am I working this hard? I mean I know why... i get this project done successfully and I'm worth a lot more in industry... but geez... tell me to my face. Either cut staff or cut my pay... don't do sneaky stuff like "furloughs" and "pension adjustments". They're too chicken**** to fire people and they're too chicken**** cut our pay (in the open). Cowards.
 
Re: Rep Retirement Lodge 134: Huh?

Three meetings tomorrow... back-to-back-to-back... I was reading an article today about a back-door paycut of about 5% (they'll claim its about the pension, make me contribute more to my pension while they contribute less... thus being a paycut without it actually being on paper... since I don't get an option its a paycut not a pension reduction).... why the hell am I working this hard? I mean I know why... i get this project done successfully and I'm worth a lot more in industry... but geez... tell me to my face. Either cut staff or cut my pay... don't do sneaky stuff like "furloughs" and "pension adjustments". They're too chicken**** to fire people and they're too chicken**** cut our pay (in the open). Cowards.

Then get a job in the private sector and see how that pension looks all of a sudden.
 
Re: Rep Retirement Lodge 134: Huh?

I think we should pay more for our pensions - the ratio of government contribution to employee contribution is ridiculous and unsustainable.
 
Re: Rep Retirement Lodge 134: Huh?

Some of us are in the private sector AND have a pension!

As a matter of absolute honesty, I do have a small one. It's not getting contributions anymore, the company ended it after my first year there. I'll get a whopping $1,000/year out of that bad boy. Now I'm all 401(k) with match up to x% and occasional profit sharing contributions, too. That's actually better than my last job.
 
Re: Rep Retirement Lodge 134: Huh?

This seems very un-commie like...

But he's right. Local gov't entities are facing that truth already. Duluth has had to face that fact for a few years now. Counties, school districts and states are next (WI, OH, MA anyone?), and finally the federal employees will see it.
 
Re: Rep Retirement Lodge 134: Huh?

You know what's interesting? Watching the delivery truck downstairs unloading all our rental furniture, and there they go, taking it across the lot and into the *other building*. Interesting. This should be something.
 
Re: Rep Retirement Lodge 134: Huh?

As a matter of absolute honesty, I do have a small one. It's not getting contributions anymore, the company ended it after my first year there. I'll get a whopping $1,000/year out of that bad boy. Now I'm all 401(k) with match up to x% and occasional profit sharing contributions, too. That's actually better than my last job.
That is the same as me except the company still has the pension going, and the financials that they send out show that it is well funded. Hopefully it stays that way. At orientation they bragged up the pension plan, saying that only a handful of companies still have them. They said that they plan to jeep it going into the foreseeable future.
 
Re: Rep Retirement Lodge 134: Huh?

The federal pension system (under FERS) amounts to the government contributing about 14x what the employee contributes. That clearly needs to be tweaked.
 
Re: Rep Retirement Lodge 134: Huh?

*reads*

Huh.

The biggest problem I'd have with the pension change is that I am currently trying to save for a down payment on a house or condo at some point in the mid-range future. If I would have had that purchase already taken care of, I'd be kinda okay with this.

If this goes through, my immediate response will be to drop my TSP contribution to zero. I need the money up front so I can live and start building equity.

The trade-off taking a job with the feds has always been you sacrifice some general pay to have strong bennies and retirement. Actually, given when I graduated, I'm just happy to have a job at all, federal or not. I'm sure a lot of young federal workers feel the same way.
 
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Re: Rep Retirement Lodge 134: Huh?

Don't cut your TSP contribution to zero. You're giving up free money if you do that. Keep your contribution at 5% minimum to capture the entire match offered by the feds.
 
Re: Rep Retirement Lodge 134: Huh?

I love how people edit my season schedules and don't follow the formatting that I have clearly set forth in order to make the formulas work. It took me a while to figure out why LSSU only had 23 league games (two of them are because of the exemption, that's a bug with Google Docs, I'm aware of it and don't know how to fix it), and it was because someone added an extra space in one of the Ferris State games, and two were because they put Michigan instead of Michigan Ann Arbor, which I did for formula purposes. Oh well, I should be happy that people are taking the time to put them in there, and I don't really mind all that much taking an extra 10 minutes to fix formatting.

OK, I'm putting away the soap box. Good night, lodge!
 
Re: Rep Retirement Lodge 134: Huh?

I have no clue *exactly* what Profit Sharing Plan my company has, but I know it's pretty good, and allegedly only 3 companies still have it (you can't have it now, unless you were grandfathered in). Basically, I get a % of my gross income tossed into some account. Last year it was 20.97% (fully vested, which I was). It hasn't dipped below 18% in the last 5 years, and in the last 3 years, including the big recession year, it hasn't dipped below 19% and change. And I don't contribute to it, because I can't. They literally give you money.

While I know inflation will take a toll, I'll be a "millionaire" by the time I'm in my early 50s.
 
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