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401K

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Top 401K Articles see all

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  • Hire ambulance service, not firefighters

    The other night the City Council decided to hire 15 new firefighters. These individuals know that after 30 years, they will be earning considerably more than their starting salary, plus a lifetime pension at age 55.
  • When will enough be enough for voters?

    In December 2012, Glendale Finance Director Bob Elliott told the public, “…at some point, we’ll have more retirees than active.” In the April 20 News-Press, in the story headlined “Pension cost rise to hit city budget,&...

    Glendale pays big pension numbers

    Glendale pays big pension numbers
    As Glendale struggles to get a handle on its growing pension obligations, records show that about 11% of the nearly 1,350 city retirees draw annual pensions of more than $100,000 a year — and some of them far more than that. At the top of the list...

    The city could be hiring, not laying off

    Our city council put in place a band-aid-fix of a two-tier salary step for new city employees, which included changing their retirement age from 50 to 55 (“Money spent is money saved,” Aug. 4). But to still maintain pension retirements with...

    In Theory: Has the economy damaged the work ethic?

    Sociologist Max Weber first advanced the idea of a Protestant work ethic in 1914. A recent study suggests that not only does this ethic exist, it can make the effects of unemployment worse for Protestants than for non-Protestants. The Dutch survey,...