I have a URS account and two other private pensions. My URS account (401K) is
actually better managed and receives a higher rate of return than the two
private ones. I'm not convinced that outsourcing URS is a good idea based
on my experiences.
Amen Kings court. The minute we turn it over to a for profit private business,
we all lose and they win.We have the best managed retirement fund in
the nation and these greedy money grabbers see it as yet another opportunity to
stick it to the little guys.Leave the URS alone and keep the
legislature away from the retirement fund!
So why is the assumption that if the Urs is underfunded that the rest of us have
to pay higher taxes. In the private sector, our benefits get get all of the
time. Most government employees have tax funded contributions between 13
percent for teachers and up to 39 percent for judges (see URS tables). The
rest of us are lucky to get a 3 percentage match if we contribute 6 percent. It
is time that those of us who pay for these programs start bringing them into
line with the limited benefits the rest of us receive in the private sector
have. No more police and firemen retiring at age 50. I sure can't. Why
should they retire early at my expense?