Changes in Wisconsin Retirement System

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Meade
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Re: Changes in Wisconsin Retirement System

Postby Meade » Sat Jun 23, 2012 10:34 am

I'm in favor of less dependency on government, not more.

The shit of this discussion is your own, Henry.

Peanutbutter
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Re: Changes in Wisconsin Retirement System

Postby Peanutbutter » Sat Jun 23, 2012 10:50 am

Henry Vilas wrote:A troll is someone who brings in an off topic argument


Says the guy who is always making personal comments about others.

Look in the mirror, boy...err, I mean "troll"

Henry Vilas
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Re: Changes in Wisconsin Retirement System

Postby Henry Vilas » Sat Jun 23, 2012 10:59 am

Yet you add nothing to this discussion.

Peanutbutter
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Re: Changes in Wisconsin Retirement System

Postby Peanutbutter » Sat Jun 23, 2012 11:01 am

Henry Vilas wrote:Yet you add nothing to this discussion.


Troll

gargantua
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Re: Changes in Wisconsin Retirement System

Postby gargantua » Sat Jun 23, 2012 11:45 am

From what I've been reading, it doesn't sound like there is much Republican support for any significant changes in the state pension program. I mean Glenn Grothman, who no one I can think of would consider to be anything but conservative, sounded like he was proud of the program and how well it has been run.

I just don't think the votes are there for wholesale changes.

snoqueen
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Re: Changes in Wisconsin Retirement System

Postby snoqueen » Sat Jun 23, 2012 12:13 pm

The fund is an excellent example of not dependency on government, but proper use of government to benefit the citizens. A non-politicized and prudent fund management, accountability to the legislature, continuity over time, and a large scale with mostly-predictable demographic changes bring excellent results. Dependency on the government for assistance in old age or illness is actually reduced.

Even Grothman realizes it'd be foolish to destroy this resource just to satisfy ideological purity.

Henry Vilas
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Re: Changes in Wisconsin Retirement System

Postby Henry Vilas » Sat Jun 23, 2012 12:36 pm

The trustees of the retirement funds are voted into office by those public employees who participate in the system. It is a democratic process.

Cornbread
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Re: Changes in Wisconsin Retirement System

Postby Cornbread » Sun Jun 24, 2012 6:12 pm

snoqueen wrote:If there's no such thing as a defined benefit (for the sake of argument), why would it be better to have your money with a private investment firm?


I don't understand your question.
If the investments are market driven, the return is market driven.
Any shortfalls from investments (in rich wall street corporations) would alter any (annuity/retirement) payouts from those investments.

So if the govt union return on their investments in rich wall street corporations goes down and down, will the retirees' payments also go down and down?

And (almost as important), how will this affect their lifetime cadillac health insurance plan?

Stu Levitan
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Re: Changes in Wisconsin Retirement System

Postby Stu Levitan » Sun Jun 24, 2012 6:20 pm

Cornbread wrote:So if the govt union return on their investments in rich wall street corporations goes down and down, will the retirees' payments also go down and down?

And (almost as important), how will this affect their lifetime cadillac health insurance plan?


You realize, of course, the state retirement system is also for non-union employees, right? Oh, wait, no, you probably don't.

Also, please define "cadillac (sic) health insurance plan." My plan has deductibles, co-pays and a monthly premium participation -- is that a Cadillac plan?

Thanks ever so much!

Cornbread
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Re: Changes in Wisconsin Retirement System

Postby Cornbread » Sun Jun 24, 2012 6:23 pm

peripat wrote:Not exactly. The system is fully funded and stable

So then why the hubub? Heck, and as long as we're on it, why do we get gang raped by property taxes? Where does all that money go? Is that how government unions retirement and health care for life packages become fully funded?

but since Walker has a panel of his own investigating it the assumption is that he is planning to modify it so that more of the money flows to his friends in the financial industries and less to the people they system covers....you know, privatize it.


Is this why the government teacher's union's government unionist health insurance monopoly fought so hard in releasing their data?
If it's bad on Gov. Walker, why did they delay so long and fight so hard?

Or are these "financial industries" you speak of?
Property taxes didn't go up this year....thank buddah. That's the result that counts--no more stealing from the masses for the aggrandizement of the "elite" government union werkers......

Cornbread
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Re: Changes in Wisconsin Retirement System

Postby Cornbread » Sun Jun 24, 2012 6:32 pm

Stu Levitan wrote:As a future annuitant (if all goes well), I vote for low-cost government-run stable fund.


That's the catch. Stability means, well, a low rate of return due to less risk. Government bonds are the benchmark of stability.
Here ya go, 20 years worth of investment will get you a 2.XX% rate of return. Inflation will eat that up long before your 20.

http://www.treasury.gov/resource-center ... data=yield

If they're tax exempty, beware, you'll be called a tax cheat, not paying your fair share. :D

The government payouts cannot keep up with realistic earnings on their investments in "rich wall street corporations", or even chinese petroleum/chemical corporations like the UW does. Good to see they finally ditched halliburton. lmao.

Oh, and these don't even come close to covering the health care costs of WORKING government unionists (and their families, to age what again?). Throw in when they retire and get on their cadillac health care plans?

All from 2-3 percent rate of return on their investments?
They really should drug test those folks if they think their reality is, well, real............

Cornbread
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Re: Changes in Wisconsin Retirement System

Postby Cornbread » Sun Jun 24, 2012 6:35 pm

Meade wrote:Is that what a troll is, Mr. Henry? Someone who attempts to affect an election by posting a rumor in a shameless attempt to affect a legal democratic election?


No, that clearly is a member of the New Democrat Party.

Remember when "gays!" (*gasp*) were brought up in the presidential debates during Bush II? Yup, it was le jon kerrie talking about Cheney's (upstanding) daughter.

I always find it amusing how clueless the true believers are in the New Democrat Party as to why so many normal people have left it and their BS.

Cornbread
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Re: Changes in Wisconsin Retirement System

Postby Cornbread » Sun Jun 24, 2012 6:38 pm

gargantua wrote:From what I've been reading, it doesn't sound like there is much Republican support for any significant changes in the state pension program.

The support for "change" are from the people that pay their property tax bill as they have kept watching go up and up and up, all the while seeing government union schools fall further and further into the yukky abyss, failing children for generations--all in the name of "the children" of course.

I just don't think the votes are there for wholesale changes.

quoting the avowed socialist prezzie obama, "elections count".
Even re-elections, aka "do over democrat party recalls"

Cornbread
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Re: Changes in Wisconsin Retirement System

Postby Cornbread » Sun Jun 24, 2012 6:52 pm

Stu Levitan wrote:You realize, of course, the state retirement system is also for non-union employees, right? Oh, wait, no, you probably don't.

Wrong yet again Stu. Maybe a little less issuing of proclamations and accusations and just stick to questions? ;)

Management in govt is the elite of giving each other end of year raises for no apparent reason other than to spend the allocated money that year. I can say no more than that.

Also, please define "cadillac (sic) health insurance plan."


BTW, if ya wanna be the grammar nanny, as so many leftists take pride in, I think one needs to use this "[sic]" rather than the parenthesis you did to point out a grammatical error I did.
If you don't have your MLA Handbook handy, just yahoo search it.

It may seem like I like to pick on madison, but I don't. I really favor shining the light on the third world democrat party ran cesspool called milwaukee. So how's the education system in milwaukee doing again? Sucking for how many generations?

Oh an answer for you:
https://www.hctrends.com/lib_docs/3671/ ... omparisons

Thanks ever so much!


No problem. Like Dwight Yoakum? I'm listening to "Things Change". Beatles are gone, along with the dead and the phish were just trying to coat tail onto the last generation's long gone glory.
"I said, well baby things change, let's don't go placing no blame, cause ya know things can change". 8)

david cohen
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Re: Changes in Wisconsin Retirement System

Postby david cohen » Mon Jun 25, 2012 11:03 am

Corn, please disprove Mr. Levitan's assertion that the WRS is also for non-union employees. Thanks!


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