10 nations paying people to retire

These European countries furnish retirees with substantial pensions. As recent debt troubles suggest, governments there may be generous to a fault.

 of 12

VIDEO ON MSN MONEY

244Comments
Aug 10, 2012 6:20PM
avatar
In the US under the new administration we prefer to pay people who never worked.  Bonus points if you aren't a citizen of our country.
Aug 16, 2012 12:32AM
avatar
Here is one for you, now that we are talking about sweet retirements.  Imagine working for over $180,000 a year in pay, and then retiring after only 6 years, with 100% retirement!  Where is this possible you ask?  Look no further than the United States Senate.  US Senators receive 100% retirement even if they serve only one term!  The same goes for the Congress, and they only serve two year terms!  Is that enough to totally piss you off?  It is me.  They should be put on the same retirement plan as the military.......2.5% per year, and if you don't do 20 years, you don't get anything!
Aug 10, 2012 7:35PM
avatar
The us should have been listed.  We pay people to not work, (welfare), to not grow crops (soil bank) and that is for starters.
Aug 10, 2012 5:24PM
avatar

I would like to follow-up with another area of government spending that has to be controlled.

 

MILITARY spending.  It must be reduced.  We constantly involve ourselves in stupid wars trying to be the big guy on the block and establishing a PAX Americana.  We can't afford it.

Aug 10, 2012 10:16AM
avatar
I now realizing how tough it is to live on SS. I am looking into a groupe of soon to be retiries. 10 of us are trying to incorperate and plan on trying to live in an abandon motel.We'll buy it and all will contribute equally so it can be taken care of.  We all have skills and can repair and maintain  the buildings and grounds. I am wondering why the goverment can't let veterans use an old military base for living. Most have the structure from the military to live and maintain a base. Plus they could get help easier and get alot off the streets. The bases just sit there and rot away.  It sounds good on paper but I wonder??? 
Aug 10, 2012 5:21PM
avatar

All of the attention is on pensions. It is the new PC to dwell upon that and that only.

 

Does it deserve attention?  Absolutely.  But so do other areas of the budget.

 

The massive welfare state ( and I don't mean SS or Medicare) that has developed in the last 45 years has also come home to roost.  Medicaid is killing the country and Obama wants to expand it.  Here in Illinois we spend $896 million on welfare daycare alone and some $14 billion on welfare Medicaid.  Far too many on SS disability.  Food Stamp increase have doubled in the lasy 10 years and keep on growing.  Welfare programs for refugees that are flooding into this country.  And backdoor benefits in terms of educaion and health care for illegal aliens.  The list is almost endless.

 

Yet all the attention is on pensions.  Certainly, some pensions are absurd and some have gamed the system.  But most people really are entitled to their pensions. 

 

Unfortunately the word entitlement is being purposely confused to mean welfare rather than pensions to which most people honestly contributed to for many decades.

avatar
It could be coincidental, buttttt, aren't these all of the euro-trash countries that are basically bankrupt  ............. gotta be a coincident!
Aug 10, 2012 8:21PM
avatar
what is the point to this story??  are we asupposed to yearn to live in any of these country's? what percent of these country's isnt in finacial straight's??  Greece? really?? i just dont understand printing a meaningless like this at all!! this is just a stupid story!!  america was built on hard work,not people getting paid by the government to retire in they're 50's!!!
Aug 10, 2012 10:10AM
avatar
What is with all these dating ads, they should be taken off
Aug 15, 2012 4:50PM
avatar

Don't any of you realize that the so called 1% pays most of the taxes and also provides most of the jobs here in the states??

Think about that for a few seconds!!! 

There wouldn't be any free stuff without them and people are constantly hammering them...It's biting the hand that feeds you!!

No, I'm not at all rich and I'm not stupid either!!  My income is presently well  below poverty level, but what I have is mine. And I worked hard for it in my younger years.

My only gripe about corporations is...bring the work back to the states!!!  Where it belongs!!

Aug 16, 2012 1:45AM
avatar
So why does the US government pay all congressionmen and past presidents the same salary until they die, even if they only serve one term, they get paid for the rest of their lives their same high dollar salary.
Aug 15, 2012 4:40PM
avatar
End the Welfare State in all Western countries today.

This failed Socialist-Lite policy has caused us only misery and made everyone poorer.  The lesson we learned from the Cold War shouldn't have been to meet the Soviet Union's economic policies half way, but to completely go the other direction.

Every trillion dollars taken out of the economy comes directly out of the workers' pockets.

Aug 10, 2012 5:14PM
avatar
Healthcare reform has nothing to do with the US deficit.
Wars around the world have put this country into the bloody red column.

So pointing a finger at entitlement programs that help people in need is a phony tactic to divert attention from corporate, oil, gas and farm subsidies -- along with Pentagon, insurance and pharmaceutical lobbies that lead Congress by the nose.

Unless we fight for adequate controls over these big spenders,  Americans will continue to struggle against a fiscal budget that is stripping us all of our right to a government for the people.

Aug 10, 2012 6:08PM
avatar
Scott - good summary.  Not sure what Europeans were thinking when they vowed never to let it happen again and then jumped right back on the road of socialism.
Aug 15, 2012 7:32PM
avatar
LOL at some of the soultions you people offer...Tax the rich go after business..yeah that is going to work, just like it is working for Obama. Business DONT take hits...they cant they have share-holders to answer to. The answer is not Mitt or Obama...the answer is less govt (Dems & Reps) and making USA the best place in the world to do business. Get the govt out of pretty much everything they do (Except enforcing contract law/civil rights, and protecting its citizens)...rest is a bunch of junk they they mess up. But Hey, you people are not going to give up medi-cade/care/SS so why e ven bother talking to people who will go out and vote themselves a pay raise. You can tax the rich all you want, it wont solve the problem we have of politicans raiding the $$$ and pi$$ing the $$ away. Until you people solve govt pi$$ing away our $$$ you can tax tax all you want and all business is going to do pass the cost on or close shop.
Aug 10, 2012 5:01PM
avatar
they are broke because like here, their financial elite has fleeced the people, and then the governments largely put in austerity measures after that to make them even more broke 
Aug 15, 2012 5:48PM
avatar
This why those countries are broke..
Aug 15, 2012 6:39PM
avatar
I really noticed that the only people crying about this article are the dead beats looking to collect other peoples money! I work my butt off and like it that way I'm not RICH but have a small business that I love and pay taxes! People crying about working 9 to 5 should shut up, I work 5 to 10 and maybe bring in 60K a year but it's mine and I like it!
Aug 15, 2012 8:44PM
avatar

You can not be this short sighted...not being able to see the end of your nose.  Why does it have to be an "us verus them" mentality.  If you always play the victim...you always will be!  It is not the "rich" folks fault for your problems.  We all have equal opportunity, not equal bank accounts.  How is it that cutting taxes equals pandering to the rich?  As it is, the top 1-2% of earners pay the vast majority of income taxes and nearly 50% of people in the U.S. pay NONE-ZIP-ZILTCH-NADDA.  If people today would just try to leave their children in a better place than they were as children and stop trying to "keep up with the Jones's" then we would not be having this stupid anonymous discussion on a web board.  If you aren't happy with your financial situation, get off of the computer (hmm, can't be too bad off computer and internet) and go get a 2nd or 3rd job.

Aug 9, 2012 11:55PM
avatar
When is MSN going to get a hold on this website and do away with the trash???.......24/7 Wall Street is trash and all the spam that follows is as well.......I am going to another "Home Page" and urge others to do the same....TRASH!!!!
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.