Everybody lost in retirement plans
Kathryn Levesque has made if very clear in her letters to the Acorn and the Daily News that she’s very displeased that public employees receive pensions while she and many others have lost money in their 401(k)s.
She’s upset that the pensions are being left intact.
She seems bitter that a pension isn’t a risk. Well, Kathryn, we’ve all lost money in our 401(k)s. But we all took a risk. Yes, I’m sorry you missed that bulletin, but investing money is a risk.
In one of your letters, you say you “resent even the implication that no consequences should befall public employees while no thought is going into those of us who are picking up this tab.”
According to Webster’s dictionary a consequence is something produced by a cause. When you make an investment, that’s something that could cause you to lose money. When you take a job with a known pension, then losing money is not a consequence.
No one told you to take your hard-earned money and risk it, so you, and you yourself, will suffer the consequence of losing your money. Let me ask you, Kathryn, if you tripled your money in your retirement would you have shared it with those who lost money, or better yet used it to pay public employees? Would you , as you say, gone halfsies?
I didn’t think so. So now, take your lumps.
T.J. Saurman
Thousand Oaks


