Published
I had long known that many government (either local or otherwise) were excluded from Social Security and/or Medicare, however, I never realized that their own pension plans were significantly reduced as poited out in this article. Is it possible to buy into government programs, as Social Security or Medicare prior to retiring without getting employment which invests in these programs? If anyone knows I would be interested in hearing.
There are a lot of nurses working for local and state goverment that could fall into this trap. Most of them baby boomers. I am totally opposed to privatizing Social Security for just the reason stated. Lot of Enron employees who thought they would retire with nice nest egg are going to be living on SS.
NRSKarenRN, BSN, RN
10 Articles; 19,192 Posts