Millennials: you don't actually expect to receive a pension do you?
2018-11-28 at 12:24 PM UTCYour retirement plan will be the Smith & Wesson and a bottle of Bourbon one - if you're lucky - and starving to death in an unheated flat to the noise of Arab music if you're not.
2018-11-28 at 12:32 PM UTCOh, so millennials in Ireland don’t have a pension? What is pension in Ireland like?
2018-11-28 at 12:49 PM UTC
Originally posted by Technologist Oh, so millennials in Ireland don’t have a pension? What is pension in Ireland like?
Ireland is probably an exception, as it still has a white birth rate. Everyone right now gets about $200 a week when they turnip 65 or so.
Most small private sector employers do not make any provision for a pension, even though they're technically required to, so you're just fucked. In general, no union = no pension.
But you also have the fact of resource depletion, debt exhaustion and white demographic collapse coming.
By 2050, when I will be of an age to receive a pension, what sort of state will Europe and the US be in? Not a very happy one if current trends continue.
2018-11-28 at 12:58 PM UTCSoi,
They’ve been saying SS won’t be there for the last 4 or 5 generations of retirees, but it has. Just a scare tactic by partisan people trying to further an agenda.
Most people who make a decent salary realize that SS won’t cover a lot, so they invest, or sock away money on their own. I won’t get much SS since I’ve not paid into SS when working for the state. We paid into a public employees retirement account. It’s waiting on me.
2018-11-28 at 1:06 PM UTC
As of the December 31, 2016 health care actuarial funding valuation (the most recent), OPERS
was 60.7 percent funded. In the absence of employer contributions, the health care fund is
expected to become insolvent after 12 years.
Actually the rest doesn't look awful, 81% funded at least.
2018-11-28 at 1:10 PM UTCYes, and they’ve been saying this for decades, it gets worked out along the way. This is nothing new. Old news that has turniped out to be wrong for decades.
2018-11-28 at 1:10 PM UTC
2018-11-28 at 1:11 PM UTCPretty much that's why I have no problem scanning the government and doing the epic cycle of working for a few years, taking a few years off and living off milking the system
2018-11-28 at 1:13 PM UTC
Originally posted by Ghost Pretty much that's why I have no problem scanning the government and doing the epic cycle of working for a few years, taking a few years off and living off milking the system
Some guy here once told me how he worked a few years in Canadia, and the Canadian government tracked him down in Ireland in order to pay him a pension. I don't remember the figures, but I remember thinking wow, he wound up being pretty well paid.
2018-11-28 at 1:15 PM UTCYup, mine took a hell of a dip in 2007, and I had just purchased my home in 2005; but prices are back up, and my house value is much higher than when I bought it. It’s a sellers market right now. People are getting more than they’re asking for on their homes due to perspective buyers fighting over bids. Homes in my neighborhood stay on the market for maybe a month. I keep getting offers on my home from these housing investors, not going anywhere.
2018-11-28 at 1:17 PM UTCi just ordered sushi from japan now ur bitch wanna kick it jackie chan
2018-11-28 at 1:48 PM UTCThey also increase the age so the boomers can milk it dry and by the time I'm 70 the minimum age will be 90 and they will just Logan's run me.