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View Diary: Updated - John Kasich, GOP Candiate for Ohio Governor, Pledges Never to Make a Decision (18 comments)

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  •  State Worker Pensions Have NO Social Security (8+ / 0-)

    behind them. State and local workers pay into OPERS instead of Social Security.

    When the pensions are cut, as my future one already has been a little, there is no Social Security safety net for Ohio worker and teacher retirees.

    It's Norquist's wet dream come true.

    We are called to speak for the weak, for the voiceless, for victims of our nation and for those it calls enemy.... --ML King "Beyond Vietnam"

    by Gooserock on Mon Aug 16, 2010 at 12:48:29 PM PDT

    •  Look at the WI model (4+ / 0-)
      Recommended by:
      luckylizard, Ohiodem1, henlesloop, Vtdblue

      and it's too bad that other states -- and the feds -- don't have something like this.

      Public employees/teachers can opt into the Wi State Retirement program. All state agencies are automatically covered. It's a separate managed fund, paid for by its revenues, but they're state employees too. It does not replace SS; we also pay into that too.

      It's been one of the most successful and solvent pension plans in the country. When the then guv Tommy (the dolt) Thompson (later bushtwo's Dept of Health & Human services secretary) raided the fund ("borrow") of $10 million, the Supreme Court forced him to return it since it was a targeted program that used employee money, not state funds except those portions that had been negotiated as an employer pay in. IOW, some of the financial payin to the program was a benefit, just like vacation and health insurance, for employees.

      So, WI public workers can and do collect both. Why others haven't looked at this model is beyond me.

      Sorry if this is too far OT, but it seemed appropriate given gooserock's comment.

      You can always count on Americans to do the right thing - after they've tried everything else. -- Sir Winston Churchill

      by bleeding heart on Mon Aug 16, 2010 at 01:25:23 PM PDT

      [ Parent ]

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