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Old October 2nd 07, 02:55 AM posted to rec.aviation.piloting
Margy Natalie
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Posts: 476
Default Jay's poverty, was: Ouch!!! Wet rates keep going up!

Dan Luke wrote:
"Newps" wrote:


Don't forget, Newps exists in the fantasyland called "Gummint", where
work is optional and brief. Retirement in your 50s -- despite huge
advances in lifespan -- is common, and gummint jobs come with all
sorts of "guarantees" that make you virtually "employed forever",
regardless of performance.




Not government work, just any career that doesn't involve running your own
business. My three brothers are all working the corporate lifestyle. We
all plan on checking out in our 50's.




My buddy George worked his way well up in a corporation and was planning on
retiring at 60. At 50, his group was spun off, sold and bankrupted by the new
owner corp. In less than three years he went from a man with a solid
retirement strategy to a guy with a gutted pension, no job, no health
insurance and two kids in college.

Only Federal government workers and people with plenty of money have any
security anymore. Benefits are shrinking for employees everywhere except the
Federal government. This trend will accelerate as globalism increasingly
pervades the U. S. and European economies.

You're working in a dream world, Newps.


I've met very few men that have lived very long after they retired.
My German ancestors nailed it when they coined the phrase: "Work makes
life sweet" -- and if you disagree with that statement, you're in the
wrong line of work.



I disagree. You make your own life sweet by your attitude. Work puts the
plane in the air. I like what I do but if you consider your line of work as
recreation it's no wonder those type of people die right after retiring.
Work is a necessary evil, it prevents me from doing what I'd really rather
be doing, stuff that you don't get paid for.



But Jay is right about your situation. It is unimaginable for most people who
work outside the Federal government.

And ... That's on the OLD government pension plan, not the new one :-).

Margy