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Guest Column: Put Unused Pension Plan Dollars to Work for South Carolina Employees
“These funds could help reduce premiums, cover deductibles, or expand coverage options, giving workers near-term financial relief…”
5 comments
Do it!
“There is no cost to taxpayers, no reduction in retiree protections, and no weakening of pension guarantees.” If Republicans are backing this you can rest assured none of this is true. My guess, this is a plan to allow employers to reduce what they input from their bottom line into employee healthcare to help the stockholders. If you believe companies actually care about their workers you’ve not been paying attention for the last 40 years. Look at how the national debt has exploded under Trump in his first and second term simply so he could make the rich richer. After just his first 4 years 30% of all the debt held by the USA was Trump debt.
I’d like to know how many private companies (outside of the utilities like Duke and Dominion) in South Carolina actually have a pension fund. From my vantage point, only the top 2 or 3% in terms of company size still do – but that is only a casual observation.
I think Wynn has figured a way to get rich with these funds if they are released and his company gets ahold of them. It sounds dubious.
What about giving state retirees a meaningful COLA that would actually make a difference in their monthly bills and obligations. 2% (+/-) is not cutting it. It does not keep pace with inflation, no matter how much the lie and say it does. How about $200 or $400 a month. That would actually help.
Maybe invest in Trump Family crypto with OPM and this hump takes a big fee? Sounds legit.