Page 939 - Pensions News Today

Distinction. it is an important distinction. they dont do it to become rich, but they do it for the stability. i am not disagrees with you. the problem is these civil servants are taking pensions and double dipping into the peptions. some are coming into it late into their career and paying into it and collecting on it for the next 30 years. thats the biggest problem. >> it is unfair to create a scam and not expect people to -- >> take advantage of it of the. >> i go back to what you said before...

True. the pay freeze does not include a raise for promotion, former it, and for longevity so, base through, there is no pay freeze, it is misleading. >>clayton: wouldnt that include promotion and merit? >> unfunded liability and pensions the biggest problem for state and local governments across the country. thank you michelle fields. have a good weekend. coming up you helped bail them out and now chevrolet is pulling the plug on the volt we will explain what is frozing the -- freezing productio...

Hard-working men going and doing jobs for 20, 30 years, collecting their pensions and having that kind of highly stable high employment manual labor and manufacturing society. we treat the past four years as this aberration. that we went off the rails and if we get our policies right well rejoin that particular train. i think we have to start accepting that that particular reality is no longer. >> does that mean well always see unemployment rate thats higher than what anyone would really like or...

>> he came the vast majority. people began to live better and get the pensions on time. paid salaries on time. >> detractors say the massive increase in the price of oil in the last decade is to thank for all of that. at some point, polls began to register concerns about corruption. >> according to one of them, russians think that corruption is one of the main problems in russia. >> eventually a mood of discontent took old as they bristleed under the economic and political restrictions. >> many ...

>> he came the vast majority. people began to live better and get the pensions on time. paid salaries on time. >> detractors say the massive increase in the price of oil in the last decade is to thank for all of that. at some point, polls began to register concerns about corruption. >> according to one of them, russians think that corruption is one of the main problems in russia. >> eventually a mood of discontent took old as they bristleed under the economic and political restrictions. >> many ...

>> theyre as wealthy as they gets in south hampton. how come they couldnt -- >> how come they cant? >> sorry, what was your question? >> how come they cant afford it? >> i was going to ask that question. >> ok. ok. to answer your question, brian. >> the pensions have gotten completely out of hand. pensions for cops, firefighters, toll takers, you name it, the pensions are completely out of hand. theyre rising so rapidly way in excess of revenue to these towns, the towns cant pay. rather than ref...

People predicted four years ago the economy would be still in this much trouble? none of them. you cant anticipate the future. if youre going to make promises on pensions you have to have enough money in the kitty or you have to scale back the benefits. several states have done that utah recently put all of their state employees on defined contribution plans. these are like 401(k)s. look, only 15% of private sector workers today have a traditional pension, a defined benefit pension. over 80% of ...

springsteen and he doesnt even like you. >> i like him. so it unrequited love. >> does it really matter in politics? >> we dont take any victories in politics. every day when i come into this building, it still amazing to me. i have a sense of wonder. i save how the hell did this happen? how did i become governor? you shake your head about it. >> this piers morgan interview starts now. >> thank you for inviting me in here. four pictures of bruce springsteen and he doesnt even like you....

>> four pictures of bruce springsteen and he doesnt even like you. >> i like him. so it unrequited love. >> only in america, does size really matter when it comes to politics? >> we dont take any victory laps. every day i come into this building, i have a sense of wonder and say how did i become wonder. you just shake your head about it. >> this piers morgan interview starts now. >> thank you for inviting me in here. >> yes, sir. >> four pictures of bruce springsteen and he doesnt even...

every day i come into this building, i have a sense of wonder and say how did i become wonder. you just shake your head about it. >> this piers morgan interview starts now. >> thank you for inviting me in here. >> yes, sir. >> four pictures of bruce springsteen and he doesnt even like you. >> i like him. it unrequited love. but i got to hang with it. >> talking unrequited love, i know for a fact youve been watching your show because donald trump told me. you had dinner with him and you...