Wow, idk can companies even do this type of thieving?
Posted by oneironaut
Have you never worked for a company that offers a pension? If you have then you would receive periodic pension statements what would tell you to what level the pension if funded. You would know that businesses can adjust funding levels and that plans are often funded at levels less than 100% funded.
The Washington plan, at 110%, is still funded at a level far above most public employee plans which are on average around 80% funded.
Here's what I replied with when Boaz posted nonsense about this several months ago.
"The truth according to the Washington State Council of Firefights, the organization that exists to protect the beneficiaries of the fund, says about the bill.
"Over the decades, LEOFF 1 has become one of the most well-funded public pension systems in the country. Through disciplined funding, strong investment performance, and responsible oversight, the plan reached a funded status of approximately 160%, meaning it holds significantly more assets than actuarially required to pay all projected benefits."
"HB 2034 does not reduce benefits.
HB 2034 does not change eligibility.
HB 2034 does not alter pension formulas or COLAs.
HB 2034 does not eliminate medical benefits.
HB 2034 does not impact LEOFF Plan 2
LEOFF 1 retirees and beneficiaries will continue to receive the pension and benefits they earned through decades of service to their communities.
The transfer reduces the plan's funded ratio from approximately 160% to about 110%"
www.wscff.org
So the system is still overfunded and has no impact on current or future retiree benefits."
he problem is Trump is also taking on American problems like the border, immigration, trade, crime and government bureaucracy that many voters feel have been ignored and mismanaged for years.
So even people who dislike his personality, rhetoric, methods or even ethics may still support him because they believe he is at least confronting issues other politicians have either downplayed or endlessly talked about doing nothing.
#68 | Posted by BillJohnson
And Mussolini made the trains run on time. Your defense of Trump is the same tired defense that has been used to defend fascists regimes time and again.
And here's the thing...those things you say he is taking on are the things he keeps getting blocked from doing because he's using illegal methods. His illegal tariffs stole hundreds of billions of dollars from Americans while ushering in a downturn in US based manufacturing that has resulted in the loss of over 100K factory jobs despite his claim that tariffs would bring about a golden age. Many of his illegal "DOGE" firings had to be reversed. The savings he promised never materialized. How many people have his ICE brownshirts murdered now? We don't even have a way to know because ICE has been caught covering up their involvement in some of the killings? The only thing he's done on crime is firing or causing the resignations of thousands of justice department employees who have either not been replaced or have been replaced with incompetent sycophants. This has resulted in 10's of thousands of federal investigations having to be dropped and countless more that will never been initiated. We've also seen a steep drop off in successful federal prosecutions. White collar prosecutions are nearly non-existent under Trump and gun and drug prosecutions are nearly as rare with some sources reporting they are down by half to as much as 90% in some states.