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Really? A friend of mine posted this article on Facebook...
Where I think they are over-complicating the issue is where even they agree that it is part of the "total compensation package". IOW, regardless how it was chosen to be distributed, it still ALL originates from the employer as part of the employee's compensation. Every... single... penny. I see the claim by the writers of this article and blog as being so over-complicated and disingenuous as to be lies in their own right. Regardless of the manner in which an individual employee or group of employees chooses to have their compensation directed, it is still compensation from the employer, and part of the overall cost of employing said person.
ETA: Last word got cut off in the title. Sorry about that.
To me, they are over-complicating things. They are arguing that because the employee chooses to send a portion of their salary to a pension plan (as part of a negotiated agreement, in this case), that the employee has thus made the entire contribution. Similar to what an employee might choose for a 401k, I'm sure.The Wisconsin Lie Exposed - Taxpayers Actually Contribute Nothing To Public Employee Pensions - Forbes
...which linked to this blog, which is apparently by a well-respected economist, and is the gist of the article linked above...
tax.com: Really Bad Reporting in Wisconsin: Who 'Contributes' to Public Workers' Pensions?
Where I think they are over-complicating the issue is where even they agree that it is part of the "total compensation package". IOW, regardless how it was chosen to be distributed, it still ALL originates from the employer as part of the employee's compensation. Every... single... penny. I see the claim by the writers of this article and blog as being so over-complicated and disingenuous as to be lies in their own right. Regardless of the manner in which an individual employee or group of employees chooses to have their compensation directed, it is still compensation from the employer, and part of the overall cost of employing said person.
ETA: Last word got cut off in the title. Sorry about that.
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