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General News    H3'ed 4/24/17

WSJ: Congress Is Going After Your Pension, Not Theirs

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US Dollar Sign | 3D Dollar sign covered with stars and strip. | Flickr1024 ├-- 576 - 26k - jpg
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'Congress is  considering whether to reduce the benefits of contributing to a 401(k) and similar retirement plans — even as Congress members bask in the safety of the pension system that taxpayers fully fund. The lucky participants in the best retirement plans around are coming after yours with a meat cleaver. 'In the next round of tax reform, it’s not really a question of whether retirement plans will get a haircut, but of how much,”  Eliminate or restrict any of the four legs: a traditional pension, a 401(k)-type plan, Social Security and supplemental savings in taxable accounts, and you make  a secure retirement more challenging. Yet that is what Congress, perched securely on its own, cushy taxpayer-funded four-legged stool, is considering for the rest of us.” 

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At dianeravitch.net

 

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Susan Lee Schwartz Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

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