@ Imanningok: Those were practices well over 2-3 decades ago, not today. Today private corporations set up 401(k)’s or other items to which workers contribute, and many corps match. Some throw together retirement packages, but very few do. It’s up to the individual to plan for their own retirement, plain and simple. We should have learned this a long time ago.
Some states already raised taxes on everyone and everything (WI had a tax hike netting 3.6 billion last budget) and we’re still over 3 bn in the red. It’s not for lack of income, it’s for lack of discipline. Those pensions that public employees get are out of synch with what is being given to private sector employees. And to those that say “Then corporations should provide pensions,” you should pull your head out of the sand. Corporations stopped doing that because it wasn’t cost-effective. These pensions are a massive albatross around the taxpayers’ collective neck and now we’re seeing the massive backlash.
Don’t try to say that public-sector workers are the only working Americans. With 85% of Wisconsin’s workers private sector, and I’m pretty certain we all work pretty hard, stripping some things off the public-sector’s benefits packages will actually benefit more working Americans than not. The public sector needs to mirror the private sector. That means everything from wages, to benefits and finally to employees’ rights.
With all the laws and governmental bodies protecting public workers from unlawful or unethical treatment and termination, unions have outlived their usefulness in the public sector. Private sector? Meh. It’s up to each company to decide what to do with that, and not really any of my business.
Glenn McCoy and Gary McCoy