Brought this comment to the top for comment from all concerned.
"_Your biggest fear in retirement should not be the amount of your SSN check_".
It should be fears about covering increased medical expenses. Medicare is a budgetary disaster and you *WILL* be paying much, much more for medical care after age 65.
Both LLNS and LANS will attempt to drop retirement medical coverage in the next few years, so you'll likely see no supplemental help from them to cover much higher Medicare expenses.
The Baby-Boom generation is in for a big shock after they retired. You have a good promise in terms of SS payouts but expect to see your wallet cleaned out by any medical expenses. There is no easy way for the US to get out this problem other than to make the old folks pay a much higher percentage for their health care.
The outcome of all this is that in about 15 years we will see two types of middle class retirees.
On one side will be those who stay healthy and, thus, have retained savings to live a decent life style. On the other side will be those who don't remain healthy and descend into near poverty because of huge medical expenses.
Given the gloomy outlook for Medicare funding, it's going to be extremely important that you stay healthy in your Golden Years.
The lab workforce should also scream loudly when either LLNS or LANS attempts to decrease or eliminate retiree medical coverage in the next few years.
If they succeed in eliminating this benefit it may put you on a very dangerous financial path after you retire from the lab.
8 comments:
If they do this we'll all be working until we are 65 and eligible for Medicare, then we'll have to use our social security check to pay for everything. Life is over upon retirement. It's been great while it lasted. I guess this is the government form of population control without wars or nuclear weapons. Scenical hah? But, true and just as undermining as Uncle Sam can be. I put nothing beside them. I suspect this scenarios of probability has been run on LLNL super computer and the data was fed back to NNSA for consideration just as the probability that'll you'll never live long enough to collect retirement but die within 18 months of retirement. I guess they figured out that if they let people retire early NNSA will have to pay you longer and that can't be tolerated, so they've found a way to work you longer so THEY don't have to pay at all. No wonder they made promised that they'll back the LLNS TCP-1 in every shortfall. There will be no shortfalls at all. The program told them so and you took the bate while they set the hook. It's all about "THEY" win and "YOU" lose. It's your job to beat the odd stacked against you.
I hope LLNS and NNSA are happy. Can't wait to see the majority of the work force coming to work in walkers, wheel chairs and cains.
This is a ridiculous rumor. We have enough real pain in our present and future without feeding on this garbage. Top post indeed!!! I work with enough of this on a daily basis to know it has no merit. Are we that desperate for blog material?
Maybe they're hiding this one too, just like they did the report at this URL from the employees and the public.
Trust Me The question should be why ?
"I work with enough of this on a daily basis to know it has no merit."
And just who are you. The filter of all that's good. Probably some PAO goon. So what makes you so sure of your facts? Did you say it'll never happen? If so prove it.
Declining NNSA budgets and the big expenses involved with paying for LLNS will require more cost savings to be found.
One of the easiest ways to secure cost reductions will be to scale back retirement medical. NNSA will push the idea and LLNS will be their good little lap dogs and implement it.
Yeah, it's coming. Maybe not this next year, but it's coming.
February 4, 2008 4:52 AM
And your proof that it will is . . . ?
(It's amazing that anyone who disagrees in anyway is a "goon." Doesn't matter if they might actually might be in a position to know something.)
I wouldn't be putting my trust in LLNS' good intentions to keep retirement medical going.
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