Social Security and PERS
Why does the private sector have to fight for the same investment opportunties that City, County, and State employees enjoy via the Public Employee Retirement System (PERS)??
According to the latest government census bureau figures, there are 17 million public employees with assets hovering near 2 Trillion dollars who belong to PERS.
http://http://www.census.gov/govs/www/retire02.html
Individual accounts in their names and with a variety of investment options...sound familiar?
No yearly threats of insolvency .....none of those "lock box" lies.
Private sector citizens subsidize the PERS system via income taxes and fees while we get told that any similar social security investment for us is too "risky".
According to the latest government census bureau figures, there are 17 million public employees with assets hovering near 2 Trillion dollars who belong to PERS.
http://http://www.census.gov/govs/www/retire02.html
Individual accounts in their names and with a variety of investment options...sound familiar?
No yearly threats of insolvency .....none of those "lock box" lies.
Private sector citizens subsidize the PERS system via income taxes and fees while we get told that any similar social security investment for us is too "risky".
posted by sirpatrick at 1:59 PM
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