Wednesday, December 21, 2005

Two More Reasons I Dislike Unions

Obviously, first is the NYC transit workers. These greedy bastards have no idea how good they have it. Retire at 50 with 20 years, plus full pension and medical for life? 8% raises each year? Good luck in the real world, guys.

Closer to home, the MD teachers' union is pushing for better pensions. Currently, after 30 years of teaching, they get 42% of their salary - each year, for life. The union points to PA, where teachers get 75% of their pay. Of course, the PA teachers also contribute 7.5% of their salary each year, while the MD'ers toss in only 2%. I guess they expect the taxpayers to make up the difference.

Sorry, folks. Do what the rest of us do: contribute a bigger chunk of your paycheck to some type of tax exempt/deferred savings plan. Defined contribution plans are out. Start taking some more responsibility for yourselves.

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