After Ronald Reagan started ‘saving’ the middle class I knew it was time to abandon the private sector and go Civil Service. I’ve got a pension and full medical while plenty of folks I know had their great 401[k]‘s wiped out by Dubya’s efforts.
Back in the ‘80s I was interviewing with a company and the HR person blathered on and on about the retirement plan. I told her that at 32, I didn’t care, and that I doubted the company would last until I was 65. Well, it went bankrupt about 15 years later because it couldn’t meet the retirement plans’ requirements.
Most companies have a “Retirement Plan.” About the time you become a senior employee, you’ll do something for which you can be summarily dismissed “with cause.” Then your spot can be filled with a much younger and much less paid employee, thus reducing the bottom line. But your age had nothing to do with it, trust us on this! /s
I read somewhere that the average person incurs about half of her or his lifetime total of medical expenses in the last 6 months of life. Seems that we should be able to find a better way of using that money for the benefit of the survivors instead of somebody for whom it’s clearly just buying an extra week or two.
The company pays him a little higher wage, provides lousy health coverage with a huge deductible and affordable “long-term” care. Which in this case, a six foot deep hole in the ground.
In Oregon, we have the Public Employees Retirement System (PERS) that is $25.3 BILLION underfunded. Many employees retired with their full salary, some at six figures and a handful at seven figures. The vast majority received about $3,000 or less a month. A lion’s share of tax revenue goes to PERS, because employers pay less into PERS than required, forcing the state to rob Peter to pay Paul from the state coffers.
There is no good solution to employer sponsored retirement, pension or 401(k) are both risky scenarios. Saving early, regularly and conservatively investing is probably a person’s best bet to retirement.
Looks better than the plan I got when I retired disabled. But I’m going to be cremated. Just add some combustibles to the hole when the time comes. I wonder if the neighbors will mind?
Dtroutma over 5 years ago
He’s got a rollover retirement plan.
kaffekup over 5 years ago
His company had a retirement plan? Golly!
Watcher over 5 years ago
A good investment strategy, no funeral expenses, more money for your wife to live off and no cementery cost.
Superfrog over 5 years ago
It’s a Hole of Life benefit.
braindead Premium Member over 5 years ago
It’s an addendum to the Health Plan.
nosirrom over 5 years ago
Not bad. Hammock to grave coverage.
Enter.Name.Here over 5 years ago
“SQUIRREL!”
desvarzil over 5 years ago
Wrap me up in my tarpaulin jacket…
Differentname over 5 years ago
After Ronald Reagan started ‘saving’ the middle class I knew it was time to abandon the private sector and go Civil Service. I’ve got a pension and full medical while plenty of folks I know had their great 401[k]‘s wiped out by Dubya’s efforts.
David Henderson over 5 years ago
He has a better retirement plan than I do.
Carolyn Saunders over 5 years ago
and the squirrel calls first dibs on the vacant hammock
jessie d. over 5 years ago
Tis exactly the GOP plan for the American people excepting a small sliver of the folks “in the money.”
franki_g over 5 years ago
That dismount from the hammock (before the final one) is going to be very interesting to watch.
FassEddie over 5 years ago
Some kid’s gonna build a fort in that hole.
Display over 5 years ago
And they provide free termites for those trees! Golden parachute not included.
well-i-never over 5 years ago
Just getting in could be the death of him.
wirepunchr over 5 years ago
I dig it. ;-}
david_42 over 5 years ago
Back in the ‘80s I was interviewing with a company and the HR person blathered on and on about the retirement plan. I told her that at 32, I didn’t care, and that I doubted the company would last until I was 65. Well, it went bankrupt about 15 years later because it couldn’t meet the retirement plans’ requirements.
1953Baby over 5 years ago
Ralph Drabble needs to talk to this guy . . .
thelordthygod666 over 5 years ago
Works for me.
Rose Madder Premium Member over 5 years ago
Long-Term plan – may not be long – IF he’s not pretty agile.
Radish... over 5 years ago
Cradle to grave.
Greyhame over 5 years ago
Bury me in my overalls, don’t use my gabardines.
Bury me in my overalls or in my beat-up jeans.
rjh405 over 5 years ago
I wonder how long he plans to hang around?
Bookworm over 5 years ago
Most companies have a “Retirement Plan.” About the time you become a senior employee, you’ll do something for which you can be summarily dismissed “with cause.” Then your spot can be filled with a much younger and much less paid employee, thus reducing the bottom line. But your age had nothing to do with it, trust us on this! /s
Bill The Nuke over 5 years ago
If that squirrel is looking for a nut, I think she’s found one.
rlaker22j over 5 years ago
was in the pipefitters Union ,I was Union steward put in place a pension worked until I could collectt it and loving it
Cerabooge over 5 years ago
In the long term, we are all dead.
Lablubber over 5 years ago
The squirrel has scissors.
DCBakerEsq over 5 years ago
My retirement plan involves heavy drinking and comic books.
Richard S Russell Premium Member over 5 years ago
I read somewhere that the average person incurs about half of her or his lifetime total of medical expenses in the last 6 months of life. Seems that we should be able to find a better way of using that money for the benefit of the survivors instead of somebody for whom it’s clearly just buying an extra week or two.
Bicycle Dude over 5 years ago
The company pays him a little higher wage, provides lousy health coverage with a huge deductible and affordable “long-term” care. Which in this case, a six foot deep hole in the ground.
In Oregon, we have the Public Employees Retirement System (PERS) that is $25.3 BILLION underfunded. Many employees retired with their full salary, some at six figures and a handful at seven figures. The vast majority received about $3,000 or less a month. A lion’s share of tax revenue goes to PERS, because employers pay less into PERS than required, forcing the state to rob Peter to pay Paul from the state coffers.
There is no good solution to employer sponsored retirement, pension or 401(k) are both risky scenarios. Saving early, regularly and conservatively investing is probably a person’s best bet to retirement.
cuzinron47 over 5 years ago
In the meantime you can use it as an outhouse.
bakana over 5 years ago
Just remember to cut Both Ropes at the Same Time or he won’t Drop straight down.
She might want to Practice a few times before the Main Event.
celtickat53 over 5 years ago
I remember hearing about companies that gave retiring employees a gold watch. I didn’t get anything.
keenanthelibrarian over 5 years ago
Gives a whole new meaning to “Dropping off the twig”.
finnygirl Premium Member over 5 years ago
Looks better than the plan I got when I retired disabled. But I’m going to be cremated. Just add some combustibles to the hole when the time comes. I wonder if the neighbors will mind?
GiantShetlandPony over 5 years ago
GOP retirement plan: Your retirement is death.