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#9
May 15th 05, 12:57 AM
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I have a defined benefit pension program and I don't have money taken
from my paycheck to fund it. You said your're in California right? Are you sure that the money they take out of your check isn't for supporting you local illegal aliens? :-) Jon Kraus Bob Fry wrote: "GP" == George Patterson writes: GP You're thinking of a 401K. A pension used to be a guaranteed GP retirement income in exchange for spending your life working GP for the company. One could argue that you exchanged a higher GP salary for a lower salary and a pension, but no money was GP taken out of your paycheck. I work for the State of California, have a defined-benefit pension, and for sure they take money from my salary to help fund the pension. 
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