Quotes & Sayings About Pensions

To see poor people, their benefits being cut, to see pensions of Americans who have worked like my father, all their lives, and taken away, to see the rich just accumulating more and more wealth. I mean, it seems to me that there has to be a point where you have to say, 'No, this has to stop.' — Henry Giroux

No cuts to health , no cuts to education, no cuts to pensions — Tony Abbott

I would not be opposed to devising a new system of pensions, in which one part was based on collective provision, but which also gave incentives for people to take out an additional, personal plan. — Jacques Delors

In England pensions used to be given to aristocrats, because aristocrats had political influence, in order to corrupt them. Here pensions are given to the great democratic mass, because they have political power, to corrupt them. — William Graham Sumner

The destroyers will rarely be held accountable. Mostly they will receive pensions. — Ta-Nehisi Coates

The competitive landscape of hedge funds is rapidly changing, as hundreds of funds are opened and closed every year. For example, Pensions & Investments reported that 784 new funds were started in 2009, while 1,023 existing funds were closed. Amazingly, the median life of a hedge fund is only 31 months. Fewer than 15 percent of hedge funds last longer than six years, and 60 percent of them disappear in less than three years.[3] — Gordon Murray

The retirement age for Greek jobs classified as "arduous" is as early as fifty-five for men and fifty for women. As this is also the moment when the state begins to shovel out generous pensions, more than six hundred Greek professions somehow managed to get themselves classified as arduous: hairdressers, radio announcers, writers, musicians, and on and on and on. — Michael Lewis

Well, the truth is no road to fortune, and the populace doesn't give
out ambassadorships, university chairs, or pensions. — Jean-Jacques Rousseau

I've had stupid teachers, lazy teachers, boring teachers, teachers who were teachers because their parents were and they hadn't the imagination to think of anything else, teachers who were teachers because of cowardice, because of fear, because of the holidays, because of the pensions, because they were never called to account, never had to actually be any good, ones who could not survive in any other profession, who were not aware they had trod on butterflies. But none of those compared to Mr Maurice Crossan. He was the one who first stamped on my brother's soul. He was dark, as they say here. For those who want more of him visit the dark character of Orlick Dolge in Great Expectations and cross that with a ginger-headed weasel. — Niall Williams

I think I'd work on making sure that Canadians have opportunities to find good jobs, to grow, to gain stability in terms of pensions. The reality is that Canadians don't feel that our economy is working for us. — Justin Trudeau

Faced with such insecurity, labor unions seek a solution in demands for higher wages, shorter hours, pensions, and such things. But this approach takes monopolistic capitalism for granted, and accepts the unnatural division between property and responsibility as permanent. A much more radical solution is apt to come, and this may take either of two forms. — Fulton J. Sheen

Government aid programs have been endlessly expanded, and the government has sought to maximize the number of people willing to accept handouts ... Roughly half of all Americans are dependent on the government, either for handouts, pensions, or paychecks. — James Bovard

All France, it has often been said, is a garden, and if you love France, as I do, it can be a very beautiful garden. For myself I found it healing and soothing to the spirit; I recovered from the shocks and bruises which I had received in my own country. But there comes a day, when you are well again and strong, when this atmosphere ceases to be nourishing. You long to break out and test your powers. Then the French spirit seems inadequate. You long to make friends, to create enemies, to look beyond walls and cultivated patches of earth. You want to cease thinking in terms of life insurance, sick benefits, old age pensions and so on. — Henry Miller

The Emperor believed that these tyrannical methods had been necessary in order to forge the thriving, modern nation that France had finally become. He was so proud of his various accomplishments that he had even taken notes for a novel that he planned to write about a grocer named Benoit who returns to France after many years in America to discover the jaw-dropping wonders and Utopian delights of the Second Empire. Expecting to find misery and poverty, Benoit is thrilled and impressed by France's universal suffrage, by its cheap consumer products, its telegraph and railway systems, its well-paid soldiers, convalescent homes, pensions for disabled priests, and by any number of other enlightened social policies overseen by the Emperor."11 — Ross King

Fancy computers are engaging in legalized front-running. The profits are clearly coming from the rest of us - our college endowments and our pensions. Why is this legal? What the hell is the government thinking? It's like letting rats into a restaurant. — Charlie Munger

I have this cozy house here and I get three pensions from the States. I've done nicely. — Jonathan Frid

In short, the early receivers of the new money in this market chain of events gain at the expense of those who receive the money toward the end of the chain, and still worse losers are the people (e.g., those on fixed incomes such as annuities, interest, or pensions) who never receive the new money. — Murray Rothbard

By 2014, Reed had calculated, a city of a million people, the tenth largest city in the United States, would be serviced by 1,600 public workers. "There is no way to run a city with that level of staffing," he said. "You start to ask: What is a city? Why do we bother to live together? But that's just the start." The problem was going to grow worse until, as he put it, "you get to one." A single employee to service the entire city, presumably with a focus on paying pensions. "I don't know how far out you have to go until you get to one," said Reed, "but it isn't all that far." At that point, if not before, the city would be nothing more than a vehicle to pay the retirement costs of its former workers. The only clear solution was if former city workers up and died, soon. But former city workers were, blessedly, living longer than ever. This — Michael Lewis

If you go to the U.S., you've got a huge market, cheap energy, good skills, and pensions are a sensible cost. — Jim Ratcliffe

The Europeans waited so long that they are impacting people who depend on their pensions. We are still early enough to fix it for the next generation. A few states have started scaling back their programs, while others have come hat in hand for billion-dollar federal bailouts. — Timothy Griffin

One of the big problems in America's economic polarization and shrinkage is that pensions can't be paid. So there are going to be defaults on pensions here, just like Europeans are insisting in rolling back pensions. You can look at Greece and Argentina as the future of America. — Michael Hudson

My rule of thumb is that if you spend 2 percent of your nest egg per year, adjusted upward for the cost of living, you are as secure as possible; at 3 percent, you are probably safe; at 4 percent, you are taking real risks; and at 5 percent, you had better like cat food and vacations very close to home. For example, if, in addition to Social Security and pensions, you spend $50,000 per year in living expenses, that means you will need $2.5 million to be perfectly safe, and $1.67 million to be fairly secure. If you have "only" $1.25 million, you are taking chances; if you are starting with $1 million, there is a good chance you will eventually run out of money. — William J. Bernstein

Older homeless people are more likely to be women, because they don't have pensions and they are caretakers, so they withdraw from the workforce and end up having no pension if their husband leaves them, so the whole thing is just a nightmare. — Patricia Arquette

Government workers think the job of everyone else in the economy is to protect their high salaries, crazy work rules and obscene pensions. They self-righteously lecture us about public service, the children, a 'living wage' all in the service of squeezing more money from the taxpayer to fund their breathtakingly selfish job arrangements. — Ann Coulter

The backwoodsmen are muttering about making Britain's draconian union laws - already among the toughest in Europe - harsher still. And parts of the media will continue to attack public service pensions, as if school meals staff, refuse collectors and healthcare workers have no right to a decent retirement. — Frances O'Grady

Still, we've gone soft since those days of wartime sacrifice, haven't we? Contemporary humans are too self-centered, too addicted to gratification to live without the full freedom to satisfy our every whim - or so our culture tells us every day. And yet the truth is that we continue to make collective sacrifices in the name of an abstract greater good all the time. We sacrifice our pensions, our hard-won labor rights, our arts and after-school programs. We send our kids to learn in ever more crowded classrooms, led by ever more harried teachers. We accept that we have to pay dramatically more for the destructive energy sources that power our transportation and our lives. We accept that bus and subway fares go up and up while service fails to improve or degenerates. We accept that a public university education should result in a debt that will take half a lifetime to pay off when such a thing was unheard of a generation ago. — Naomi Klein

So, I think that when we become civilized, great corporations will make provision for men who have given their lives to their service. I think the great railroads should pay pensions to their worn out employees. They should take care of them in old age. They should not maim and wear out their servants and then discharge them, and allow them to be supported in poorhouses. These great companies should take care of the men they maim; they should look out for the ones whose lives they have used and whose labor has been the foundation of their prosperity. Upon this question, public sentiment should be aroused to such a degree that these corporations would be ashamed to use a human life and then throw away the broken old man as they would cast aside a rotten tie. — Robert G. Ingersoll

Incidentally, I notice that our professors, trying to show off to their students, rant and rail against the state and against law and order, while expecting that same state to punctually pay their salaries, pensions, and family allowances, so that they value at least this kind of law and order. Make a fist with the left hand and open the right hand receptively - that is how one gets through life. — Ernst Junger

As well as the [League of Nations] delegates themselves and their suites, there were innumerable campaigners of one sort and another, male and female, clerical and lay, young and old; all with some notion to publicise, some pet solution to offer, some organisation to promote. They gathered in droves, fanning out through the city, and settling in hotels and pensions, from the Lakeside ones down to tiny obscure back-street establishments. Ferocious ladies with moustaches, clergymen with black leather patches on the elbows of their jackets or cassocks and smelling of tobacco smoke, mad admirals who knew where to find the lost tribes of Israel, and scarcely saner generals who deduced prophetic warnings from the measurement of the pyramids; but one and all believers in the League's historic role to deliver mankind painlessly and inexpensively from the curse of war to the great advantage of all concerned. — Malcolm Muggeridge

And most of all, it means continually drawing connections among these seemingly disparate struggles - asserting, for instance, that the logic that would cut pensions, food stamps, and health care before increasing taxes on the rich is the same logic that would blast the bedrock of the earth to get the last vapors of gas and the last drops of oil before making the shift to renewable energy. — Naomi Klein

The country will also need 'new forms of social welfare' instead of its current system which is excessively centred on pensions. — Giorgio Napolitano

Aside from the poor example it sets, the federal government enables reckless spending on public-employee pensions by offering hope of assistance from Washington if things get bad enough. — Devin Nunes

Is there any fairness in a system where a group of people can borrow a bunch of money to buy a company and pay themselves millions of dollars in dividends and fees, while the company itself ends up bankrupt and its employees lose their jobs, health insurance and pensions? — William D. Cohan

One of the most dangerous classes in the world," said he, "is the drifting and friendless woman. She is the most harmless and often the most useful of mortals, but she is the inevitable inciter of crime in others. She is helpless. She is migratory. She has sufficient means to take her from country to country and from hotel to hotel. She is lost, as often as not, in a maze of obscure pensions and boardinghouses. She is a stray chicken in a world of foxes. When she is gobbled up she is hardly missed. — Arthur Conan Doyle

The way to balance the budget is for Congress to cut Social Security, move the retirement age to 70, cut defense, Medicare and veterans pensions, while the states cut almost everything else. It would be tough but we could do it. — Howard Dean

The executive possesses means of distracting Parliament from its proper function; it seduces members by the offer of places and pensions, by retaining them to follow ministers and ministers' rivals, by persuading them to support measures - whereby the activities of administration grow beyond Parliament's control. These means of subversion are known are known collectively as corruption, and if ever Parliament or those who elect them - for corruption may occur at this point too - should be wholly corrupt, then there will be an end of independence and liberty. — J. G. A. Pocock

I respect the state workers and I respect their unions, but we simply can't afford to pay benefits and pensions that are out of line with economic reality. — Andrew Cuomo

I spent a lot of time writing about tax and pensions and mortgages. — Paula Hawkins

We residents sometimes pity you poor tourists not a little - handed about like a parcel of goods from Venice to Florence, from Florence to Rome, living herded together in pensions or hotels, quite unconscious of anything that is outside Baedeker, their one anxiety to get 'done' and 'through' and go somewhere else. The result is they mix up towns, rivers, palaces in one inextricable whirl. — E. M. Forster

I do believe in pensions. — Richard C. Armitage

When you pay social security taxes, you are in no way making provision for your own retirement. You are paying the pensions of those who are already retired. Once you understand this, you see that whether you will get the benefits you are counting on when you retire depends on whether Congress will levy enough taxes, borrow enough, or print enough money ... — W. Allen Wallis

You don't have to talk to me about pensions. I won't be around long enough to collect one. — Mickey Mantle

They're making a song and dance because that serves their immediate interests. But what will happen tomorrow? They will have to pay salaries and pensions. — Eduard Shevardnadze

Ohioans, I think, in large numbers, have felt that the government has not been on their side in all of these issues: on pensions, on the cost of prescription drugs, on the health-care system generally, on jobs, on trade agreements. — Sherrod Brown

The law isn't that simple, and the practical damage will be great. State pensions are underfunded by $111 billion - a 500% increase from 1995 and up 75% in the past five years. About one in four state tax dollars already finances pensions, which is more than Illinois spends on education. Yet the court accuses politicians of shortchanging pensions. Politicians are to blame for the state's fiscal woes, but mainly because they colluded with unions to promise unsustainable benefits in return for political support. Less than 40% of the increase in the state's unfunded liability since 1995 is due to inadequate payments. The rest is due mainly to benefit growth and faulty actuarial assumptions such as investment rate of return. The 2013 reforms at issue capped salaries of — Anonymous

Germany has great skill levels, great infrastructure, high-quality plant. If you go to the U.K., we're very creative, and we've got the language, but energy costs are pretty much the most expensive in the Western world; pensions are pretty expensive, and the skills are significantly below those in Germany and the U.S. — Jim Ratcliffe

Government has coddled, accepted, and ignored white collar crime for too long. It is time the nation woke up and realized that it's not the armed robbers or drug dealers who cause the most economic harm, it's the white collar criminals living in the most expensive homes who have the most impressive resumes who harm us the most. They steal our pensions, bankrupt our companies, and destroy thousands of jobs, ruining countless lives. — Harry Markopolos

Is this a fit time, said my father to himself, to talk of Pensions and Grenadiers? — Laurence Sterne

But in a nation that had nearly spent its way into bankruptcy, sturdy locks and a perimeter alarm were the preferred form of security, because they didn't require salaries, health care, and pensions. — Dean Koontz

Liberals: Liberty-loving liberals founded our country and enshrined its freedoms. Dedicated, fair-minded liberals ended slavery and brought women the vote. Hardworking liberals fought the goon squads and won workers' rights: the eight-hour day, the weekend, health plans, and pensions. Courageous liberals risked their lives to win civil rights. Caring liberals have made the vulnerable elderly secure with Social Security and healthy with Medicare. Forward-looking liberals have extended education to everyone. Liberals who love the land have been preserving our environment so you can enjoy it. Nobody loves liberty and life more than a liberal. When conservatives say you're on your own, we liberals know we're all in this together. "Liberal — George Lakoff

I have decided to be a poet. My father said there isn't a suitable career structure for poets and no pensions and other boring things, but I am quite decided. — Sue Townsend

I believe when hard-working citizens have earned their pension, it's wrong for Washington bureaucrats and politicians to take their pensions away. — Josh Mandel

As it has over the decades, the union movement stands for the fundamental moral values that make America strong: quality education for our children, affordable health care for every person-not just some-an end to poverty, secure pensions and wages that enable families to sustain the middle-class life that has fueled this nation's prosperity and strength. Union members and other working family activists don't just vote our moral values-we live them. We fight for them, day in, day out. Our commitment to economic and social justice propels us and everything we do. — John Sweeney

The U.K. is one of the few places in the world that has final salary pensions. — Jim Ratcliffe

I have written to Minister of State for Personnel, Public Grievances and Pensions, asking him to consider 'staggered office timings' for government offices, which will help in decongesting road traffic during peak hours. — Veerappa Moily

The British did little, very little, of such things. They basked in the Indian sun and yearned for their cold and fog-ridden homeland; they sent the money they had taken off the perspiring brow of the Indian worker to England; and whatever little they did for India, they ensured India paid for it in excess. And at the end of it all, they went home to enjoy their retirements in damp little cottages with Indian names, their alien rest cushioned by generous pensions supplied by Indian taxpayers. The — Shashi Tharoor

People are delighted to accept pensions and gratuities, for which they hire out their labour or their support or their services. But nobody works out the value of time: men use it lavishly as if it cost nothing. But if death threatens these same people, you will see them praying to their doctors; if they are in fear of capital punishment, you will see them prepared to spend their all to stay alive. — Seneca.

If you look at things that really affect people's lives - sport, the arts, charities - they were always at the back of the queue for government money - health, social security, defence, pensions were all way ahead. And each of those areas - sports, the arts, the lottery - got relatively petty cash from the government. — John Major

The labor movement was the principal force that transformed misery and despair into hope and progress. Out of its bold struggles, economic and social reform gave birth to unemployment insurance, old age pensions, government relief for the destitute, and, above all, new wage levels that meant not mere survival but a tolerable life. — Martin Luther King Jr.

It wasn't until after college that I started writing. I had just applied randomly for jobs in the media and got one on a magazine called 'Pensions World.' So I was writing for a living there and that's when I started my first book. — Sophie Kinsella

In some cases, managers and employees have secured pensions beyond their original base salary. It is wrong, the people doing it know it's wrong, and we have to put an end to it. — Jerry Brown

So virtuous are the programs said to be - pensions for the elderly, compensation for the unemployed, medicine for the sick, and assistance for the disabled - few dare ring the alarm of looming economic catastrophe that threatens to destabilize the civil society. — Mark Levin

Like all other self-respecting peoples, we have no intention of paying our debts. Or, to be more nearly accurate, the capitalists who expect to exploit us " for all time and eternity " have no intention of permitting us to pay our debts. They trump up new schemes to cause us to go more deeply into their debt. They intoxicate us with the strong fumes of "world power." They tell us how fine a thing it is to be reckoned among the great nations of the world. They cause us to maintain great military establishments and to build more and greater dreadnoughts. Thirty years ago we spent almost nothing on the navy and little more on the army. Now we are spending $300,000,000 a year on the army and navy. Almost a million dollars every week-day. Sixty-five cents of every dollar that is raised by the American government by taxation is spent for wars past or to come - for pensions, battleships or soldiers. — Anonymous

They said it was impossible to touch the third rail of politics, to take on public-sector unions and to reform a pension and health benefits system that was headed to bankruptcy. But with bipartisan leadership, we saved taxpayers $132 billion dollars over 30 years and saved retirees their pensions. We did it. — Chris Christie

An independent Scotland could afford pensions full stop - after all, it is our taxes and national insurance contributions that fund them now. — Nicola Sturgeon

We scoffed at the kids who weren't like us, the ones who already talked about careers, or bliddy mortgages and pensions. Kids wanting to be old before they were young. Kids wanting to be dead before they'd lived. They were digging their own graves, building the walls of their own damn jails. Us, we hung to our youth. We were footloose, fancy free. We said we'd never grow boring and old. We plundered charity shops for vintage clothes. We bought battered Levis and gorgeous faded velvet stuff from Attica in High Bridge. We wore coloured boots, hemp scarves from Gaia. We read Baudelaire and Byron. We read our poems to each other. We wrote songs and posted them on YouTube. We formed bands. We talked of the amazing journeys we'd take together once school was done. Sometimes we paired off, made couples that lasted for a little while, but the group was us. We hung together. We could say anything to each other. We loved each other. — David Almond

Remember our proud history of social justice, universal health care, public pensions and making sure no one is left behind. Let's continue to move forward. — Jack Layton

The only reason there is a crisis about Social Security in the US and pensions in Europe and Japan is that you cannot maintain a "Ponzi" scheme indefinitely. We have collected from today's young to pay today's old and counted on tomorrow's young to keep doing so. That was a fine scheme as long as the number of young people was rising faster than old people. When that ratio comes to an end, such a system also has to end. — Milton Friedman

In 2001, the oil companies, the war contractors and the Neo-Con-Artists seized the economy and added $4 trillion of unproductive spending to the national debt. We now pay four times more for defence, three times more for gasoline and home-heating oil and twice what we payed for health-care. Millions of Americans have lost their jobs, their homes, their health-care, their pensions; trillions of dollars for an unnecessary war payed for with borrowed money. Tens of billions of dollars in cash and weapons disappeared into thin air at the cost of the lives of our troops and innocent Iraqis, while all the President's oil men are maneuvering on Iraq's oil. Borrowed money to bomb bridges in Iraq, Afghanistan and Pakistan. No money to rebuild bridges in America. Borrowed money to start a hot war with Iran, now we have another cold war with Russia and the American economy has become a game of Russian roulette. — Dennis Kucinich

Public employee unions, in their defense, say politicians have unfairly made them into simplistic bogeymen, responsible for problems that have myriad causes. Not all government workers receive generous pensions, they note. — Charles Duhigg

Many old people receive pensions for no other reason, it seems to me, but as a compensation for having lived a long time ago. — Henry David Thoreau

Devolutionary reform will not provide a factory, a machine or jobs, build a school, train a doctor or put a pound on pensions. — Neil Kinnock

When will the Home Office realize that when judges retire, not only are they sent home for the rest of their lives, but the only people they have left to judge are their innocent wives.'
'So what are you recommending?'asked Alex as they walked into the drawing room.
'That judges should be shot on their seventieth birthday, and their wives granted a royal pardon and given their pensions by a grateful nation.'
'I may have come up with a more acceptable solution,' suggested Alex.
'Like what? Making it legal to assist judges' wives to commit suicide?'
'Something a little less drastic,' said Alex. — Jeffrey Archer

[A happy ending is] a distribution at the last of prizes, pensions, husbands, wives babies, millions, appended paragraphs, and cheerful remarks. — Henry James

Conservatives are also against unions and want to legislate them out of existence via what are called "right to work" laws. Such laws see employment through a Strict Father lens: as simply a matter of individual responsibility by the employee. Conservative enmity against unions follows from the moral hierarchy: Rich Over Poor; Employer Over Employee. Unions are actually agents of freedom - freedom from corporate servitude and wage slavery. Without unions, employees have to individually take what is offered, usually far less than they would get with a union: not just pay but worker safety, health care benefits, pensions, reasonable working conditions and hours, reasonable vacation time. What is "reasonable"? What the union members can negotiate. Unions create freedom. Austerity — George Lakoff

Increased wages, higher pensions, more unemployment insurance, all are of no avail if the purchasing power of money falls faster. — Bernard Baruch

What are the characteristics of today's world so that one may recognize it by them? It pays pensions and borrows money: credit and monuments. — Franz Grillparzer

One thing which frustrates me about state pensions is the disparity between EU countries. — Geoff Capes

There are tons of examples of U.K. and European mistakes. A classic one is pensions. That's obviously not an America-specific thing. The British and European economies are suffering under the weight of what is to come. The next great Ponzi scheme after Madoff is probably pensions. — Dambisa Moyo

Democrats have always historically referred to our families as working families, and I have sort of changed that moniker. I think what we have is a nation of worried families - families that are concerned about job security, families who thought their pensions were secure and now have questions. — Tom Vilsack

[A] major source of wealth for many families is financial assets, including stocks, bonds, mutual funds, and private pensions ... the wealthiest 5 percent of households held nearly two-thirds of all such assets in 2013 — Janet Yellen

The greatest danger to an adequate old-age security plan is rising prices. A rise of 2% a year in prices would cut the purchasing power of pensions about 45% in 30 years. The greatest danger of rising prices is from wages rising faster than output per man-hour ... Whether the nation succeeds in providing adequate security for retired workers depends in large measure upon the wage policies of trade unions. — Sumner Slichter

Live long enough and you'll come into pensions, a lovely thing. Presents every month from people you didn't know cared. — Ruth Gordon

Government pensions, built into law and mostly protected from stock market vagaries, are the envy of the private sector. — Nina Easton

Conservatives have proposed cutting pension plans and benefits like contributions to health care. Think for a moment what pensions are: Pensions are delayed payments for work already done. If employees' pensions are cut, the company is stealing their money - money they have already earned. If the corporation says it can no longer pay "generous" benefits, then the company is cutting employees' salaries. "Benefits" are not gifts; "generosity" is not at issue. Benefits are part of pay for work. Corporations — George Lakoff

We don't need anything. Just listen to us and try to understand. Society is good at doing things, 'giving' medical help, pensions, flats. But all this so-called giving has been paid for in very expensive currency. Our blood. — Svetlana Alexievich

I would like to invite the citizens of Great Britain and the citizens of the U.S. and the citizens of the world to come here and walk freely through the streets of Venezuela, to talk to anyone they want, to watch television, to read the papers. We are building a true democracy, with human rights for everyone, social rights, education, health care, pensions, social security, and jobs. — Hugo Chavez

The do-it-yourself version of pensions is a flop, as many Americans have painfully learned. — William Greider