OMG: Make 75% of Your Pay Post-Retirement
Published on April 30th, 2015 | by Hypeline Staff
Could this be a scam? Earning $42,000 a year AFTER retirement? This seems like a headline that would read, “CLICK HERE to find out how!”
But such a link would lead to the webpage for the Chicago Teacher’s Union, where the average retiree earns $42,000 per year post-retirement. Sounds like a great gig for those who have it, and a costly one for those who don’t.
You see, pension funds across America are dramatically underfunded.
Unfortunately, these state governments cannot choose to withhold or cut payments to those retirees who have contributed to the pension fund, so in order to reduce the financial risk imposed by trillions of dollars in pension underfunding, state governments are forced to increasingly raise taxes, cut services, and/or add to the existing debt.
Pick your poison.
Instead of taking the bait and joining the pyramid scam, contact your local politicians to address pension reform immediately. Do some research on your state’s plan and you’ll see just how bad it is. Write down a few questions, formulate an educated opinion, and use this link to find your local representatives.
You may not be retiring anytime soon, but you will undoubtedly face the consequences of a broken pension system. While you may not be able to ‘act now and receive 75% of your pay post-retirement’ you may be able to act now and contact your local congressman before it’s too late.
Originally published at hypeline.org.
