tag:blogger.com,1999:blog-7609353726565000072.post4574028324068270471..comments2023-06-14T02:29:40.319-07:00Comments on PSPRS Pension Watch: Whose ox is going to get gored: PSPRS reform efforts that everyone needs to seeDrop Zonehttp://www.blogger.com/profile/07195030344305212432noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-7609353726565000072.post-52455509810279892762014-07-08T19:35:01.150-07:002014-07-08T19:35:01.150-07:00Thank you for your comment and for reading. I apo...Thank you for your comment and for reading. I apologize for the delay in replying. I have several reservations about this proposal, although it looks like it has been put on the back burner for right now since it appears that there will be no special session called. My reservations have mostly to do with taking the current pay of one generation to pay for the retirement of another. Hopefully, I can address these in more detail in the near future.<br />Drop Zonehttps://www.blogger.com/profile/07195030344305212432noreply@blogger.comtag:blogger.com,1999:blog-7609353726565000072.post-46723450303245775352014-06-26T18:58:00.803-07:002014-06-26T18:58:00.803-07:00Seems like a fairly sound plan to me. Obviously,...Seems like a fairly sound plan to me. Obviously, we all take a bit of a hit, but it seems like something has to give to make this sustainable going forward. Not thrilled with the idea of 11.65% being permanent, or that I'll be paying 4% to pay the retirees their COLAs, when my best guess says that I may never see those COLAs. It feels like social security a bit to me... Pay in your whole life, and sit back and watch the retirement age climb higher and higher. I am interested to see that they are proposing DROP (or ESFIIPP... whatever it is now) be brought back for all active members... A nice gesture for the new guys and future generations. <br /><br />That said, kudos on your blog, I enjoy it. I try to stay informed on pension issues, but don't always know where to find updates. I appreciate your research and your take on the issues.DBnoreply@blogger.com