Earlier quoted context omitted.
I can't think of a worse solution. Sure, it effectively raises their salary, but it is full of moral pitfalls. It is already outrageous that government employees are exempt from social security taxes.
Uh, what? Former federal employee here. I've got one of my pay stubs in front of me and there is definitely a social security line.
>In 2018, one-quarter of state and local government employees—approximately 6.5 million workers—were not covered by Social Security on their current job
I find this offensive because one of the main functions of SS is to subsidize the retirement of low earners at the expense of higher earners. As a private citizen, I don't get to opt out of this social obligation just because my 401k gets a better return.
Not only that, but as a tax payer, I will be on the hook for bailing out the public employee pension funds when they go belly up.