Pension system must be overhauled

TimesLedger Newspapers

The Feb. 2-8 TimesLedger Newspapers article “Fewer pensions costly: Study,” about people not having enough money to retire, raises an interesting question: Whose responsibility is it to make sure you have enough money to retire — you or your employer?

I am sure the complainers do not take into consideration all the money they wasted that could have been invested while they were working to that magic age.

Of course, people who work for government do not have those complaints. They have the generous tax payers to thank for their fine retirement monies — much of which is spent in Florida.

City Comptroller John Liu found that non-government workers do not have the necessary funds when retirement time comes. Maybe the solution should be that the comptroller can set up a fund-raising group to help these hard-pressed residents.

Isn’t it ironic that the taxpayer who supports the retired government employee suddenly finds he does not have enough money for his own retirement because he gives it to help the government employee who retires?

Kenneth Lloyd Brown

Forest Hills

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