You\’ve got to be careful about your pension liabilities you know

Two children of Civil War veterans listed as still receiving pensions from V.A. of $876 a year each

Sure, this costs the US government some $1,600 a year.

But you really do have to be careful about the tail end of your pension liabilities. Don\’t forget, this war ended 150 years ago.

5 thoughts on “You\’ve got to be careful about your pension liabilities you know”

  1. So Much For Subtlety

    The Philippines is still paying out surprisingly large amounts of money to veterans of various wars. Not, I hope, the War of Independence.

    But one of the reasons Japan has so many old people, allegedly, is that the families are stashing the corpses away so they can continue to collect the pensions. Anyone been to check on those Civil War children lately?

  2. I recall reading about at least some Brazilian state pensions having an arrangement where the widow would then receive an index linked pension for as long as she lived, regardless of circumstances. Thus lots of 70 year old men got to have 20 year old wives.

  3. So Much For Subtlety

    Michael Jennings – “I recall reading about at least some Brazilian state pensions having an arrangement where the widow would then receive an index linked pension for as long as she lived, regardless of circumstances. Thus lots of 70 year old men got to have 20 year old wives.”

    I remember being in Australia and being told that the widows of academics would get some hugh percentage of their husband’s salaries – was it two thirds? – for the rest of their lives.

    However, not surprisingly, very few 60 year old academics had 20 year old wives.

  4. This is where the private sector is different from the all em-brassing compassionate public sector.

    My pension dies with or my wife, whoever survive the longest. The proviso is that the definition of ‘wife’ is coupled to my spouse who I was married to at the time of my retirement. Any stupid person who marries either me or my wife after I retired would get nothing.

    It is such a logical and simple clause to insert in any retirement contract.

    But then all the retired cops and veterans would have job attracting the young girls if that logical clause is inserted in their pension contracts.

  5. How many federal employees are busy(?) administering the pensions for the Civil War and Spanish-American War leftovers?

    Is it more or fewer than the said number of leftovers?

    I guess a range of 30-3.

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