Livio Ciaralli wrote:Did you know that MOST public service workers don't qualify for their full pension till they hit 30 years?
And is this unreasonable ?
Considering at the time this was set, most people were working at age 20. So by age 50, you retire with a full pension. I think thats pretty reasonable.You know many private sector employees who can retire with a ...say...30 Thousand dollar yearly pay package ?
Unreasonable? Sure...since most people don't get these "real jobs" at age 20.
Most 20 year-olds are still working high turnover positions, walmart, mcdonalds, etc. Trying to figure out what to "do with their life".
The few, rare ones that get into a public sector job that young (outside of recruited positions like police, military) would probably have a friend or family member who help them "in".
so let's assume that they average starting age for people in a public sector job is 25.
30 years puts them at 55 for retirement.
In today's society, a majority of people are working to age 70...so that gives someone age 55 another 15 years worth of service, tax paying, experience to offer somewhere.
Is it a problem for them to go find that job in a private sector position?
Or move to a new public-sector position?
I would say "no". That company/sector is benefiting from the years of experience and training ALREADY done.
And ANY company management will tell you that the most expensive part of their business is training new personnel.
It's the reason RCMP, police services, military, etc. REQUIRE a minimum term of service after training completion. It's the reason companies which offer tuition reimbursement or free tuition REQUIRE terms of service or a full payback of tuition payments.
Even training a new administrative assistant takes a few MONTHS of OTJ before they are typically competent enough to run things smoothly.
So if someone puts in their 30 years, and decides they want to go for a "2nd career"...then by all means...no problem. Even if that career is in the same field...because the savings to wherever they go is worth the other costs involved.
Now...despite all that...there will ALWAYS be those who will abuse the system. And even if you change the system to try and catch them...all you will really do is hurt many of those who are trying to do things right, and get by reasonably well to provide for their families. And those who want to abuse the system will find another way to do it...and most likely to abuse it even worse to make up for what they perceive as a "loss" to them.