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Atta boy Rahm!
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Atta boy Rahm!
Tim wrote:
Bleed 'em some more! Bloodsuckers... https://www.dnainfo.com/chicago/2017...reck-rahm-says Unfunded pension liabilities are a bitch. That is why my local union doesn’t allow them. -- Posted with my iPhone 7+. |
Atta boy Rahm!
On Thu, 31 Aug 2017 10:55:05 -0400, Keyser Söze
wrote: Tim wrote: Bleed 'em some more! Bloodsuckers... https://www.dnainfo.com/chicago/2017...reck-rahm-says Unfunded pension liabilities are a bitch. That is why my local union doesn’t allow them. It is one of the major problems with government unions. Without the need to demonstrate funding they can demand unreasonable benefits and they have the political power to make it happen. |
Atta boy Rahm!
Keyser Söze wrote:
Tim wrote: Bleed 'em some more! Bloodsuckers... https://www.dnainfo.com/chicago/2017...reck-rahm-says Unfunded pension liabilities are a bitch. That is why my local union doesn’t allow them. Most of those unfunded government pensions are for unions that paid for those government politicians. |
Atta boy Rahm!
Keyser Soze wrote:
wrote: On Thu, 31 Aug 2017 10:55:05 -0400, Keyser Söze wrote: Tim wrote: Bleed 'em some more! Bloodsuckers... https://www.dnainfo.com/chicago/2017...reck-rahm-says Unfunded pension liabilities are a bitch. That is why my local union doesn’t allow them. It is one of the major problems with government unions. Without the need to demonstrate funding they can demand unreasonable benefits and they have the political power to make it happen. Lots of private sector pension funds have unfunded liabilities... Brain fart not related to the thread. |
Atta boy Rahm!
On Fri, 1 Sep 2017 08:33:48 -0400, Keyser Soze wrote:
On 9/1/17 7:26 AM, wrote: On 31 Aug 2017 17:45:54 GMT, Keyser Soze wrote: wrote: On Thu, 31 Aug 2017 10:55:05 -0400, Keyser Söze wrote: Tim wrote: Bleed 'em some more! Bloodsuckers... https://www.dnainfo.com/chicago/2017...reck-rahm-says Unfunded pension liabilities are a bitch. That is why my local union doesn’t allow them. It is one of the major problems with government unions. Without the need to demonstrate funding they can demand unreasonable benefits and they have the political power to make it happen. Lots of private sector pension funds have unfunded liabilities... Nothing like the public sector unions and even then the PBGC is supposed to be regulating that.. They may have some "promises" that might not be kept but the core benefit has to be funded. What sort of mishmash are you trying to sell here? You don't know what PBGC is ? The problems of unfunded municipal pension liabilities are due to the municipalities, states, et cetera, not properly funding those liabilities, a problem that goes back decades. The unions, such as they are, negotiate decent pension and healthcare programs because typically* the salaries cities and state governments pay don't begin to compare with private sector salaries. Bull****, in the cities with the biggest problems the employees make a lot of money. The fact that we have allowed these cities to *not* fund the overly generous pension programs is simply a failure of government to be responsible. Politicians understand that when their failed policies explode in their constituants faces, they will be long gone. * Yes, I know, there are some exceptions...*some* municipal employees get decent pay. Which ones don't compared to the same job in the private sector (including benefits)? |
Atta boy Rahm!
On 9/1/17 9:06 AM, wrote:
On Fri, 1 Sep 2017 08:33:48 -0400, Keyser Soze wrote: On 9/1/17 7:26 AM, wrote: On 31 Aug 2017 17:45:54 GMT, Keyser Soze wrote: wrote: On Thu, 31 Aug 2017 10:55:05 -0400, Keyser Söze wrote: Tim wrote: Bleed 'em some more! Bloodsuckers... https://www.dnainfo.com/chicago/2017...reck-rahm-says Unfunded pension liabilities are a bitch. That is why my local union doesn’t allow them. It is one of the major problems with government unions. Without the need to demonstrate funding they can demand unreasonable benefits and they have the political power to make it happen. Lots of private sector pension funds have unfunded liabilities... Nothing like the public sector unions and even then the PBGC is supposed to be regulating that.. They may have some "promises" that might not be kept but the core benefit has to be funded. What sort of mishmash are you trying to sell here? You don't know what PBGC is ? The problems of unfunded municipal pension liabilities are due to the municipalities, states, et cetera, not properly funding those liabilities, a problem that goes back decades. The unions, such as they are, negotiate decent pension and healthcare programs because typically* the salaries cities and state governments pay don't begin to compare with private sector salaries. Bull****, in the cities with the biggest problems the employees make a lot of money. The fact that we have allowed these cities to *not* fund the overly generous pension programs is simply a failure of government to be responsible. Politicians understand that when their failed policies explode in their constituants faces, they will be long gone. * Yes, I know, there are some exceptions...*some* municipal employees get decent pay. Which ones don't compared to the same job in the private sector (including benefits)? Please define an "overly generous program" benefit by a percentage of gross pay for a mid-level municipal worker who retires after 20 or 25 years of service. 50% as in the military? 75%, which might be enough to live on? |
Atta boy Rahm!
Keyser Soze
On 9/1/17 7:26 AM, wrote: - show quoted text - Nothing like the public sector unions and even then the PBGC is supposed to be regulating that.. They may have some "promises" that might not be kept but the core benefit has to be funded. What sort of mishmash are you trying to sell here? The problems of unfunded municipal pension liabilities are due to the municipalities, states, et cetera, not properly funding those liabilities, a problem that goes back decades. The unions, such as they are, negotiate decent pension and healthcare programs because typically* the salaries cities and state governments pay don't begin to compare with private sector salaries. * Yes, I know, there are some exceptions...*some* municipal employees get decent pay. ..... What do you consider "decent" pay? https://www.forbes.com/sites/adamand.../#224503461141 |
Atta boy Rahm!
Keyser Soze wrote:
On 9/1/17 9:06 AM, wrote: On Fri, 1 Sep 2017 08:33:48 -0400, Keyser Soze wrote: On 9/1/17 7:26 AM, wrote: On 31 Aug 2017 17:45:54 GMT, Keyser Soze wrote: wrote: On Thu, 31 Aug 2017 10:55:05 -0400, Keyser Söze wrote: Tim wrote: Bleed 'em some more! Bloodsuckers... https://www.dnainfo.com/chicago/2017...reck-rahm-says Unfunded pension liabilities are a bitch. That is why my local union doesn’t allow them. It is one of the major problems with government unions. Without the need to demonstrate funding they can demand unreasonable benefits and they have the political power to make it happen. Lots of private sector pension funds have unfunded liabilities... Nothing like the public sector unions and even then the PBGC is supposed to be regulating that.. They may have some "promises" that might not be kept but the core benefit has to be funded. What sort of mishmash are you trying to sell here? You don't know what PBGC is ? The problems of unfunded municipal pension liabilities are due to the municipalities, states, et cetera, not properly funding those liabilities, a problem that goes back decades. The unions, such as they are, negotiate decent pension and healthcare programs because typically* the salaries cities and state governments pay don't begin to compare with private sector salaries. Bull****, in the cities with the biggest problems the employees make a lot of money. The fact that we have allowed these cities to *not* fund the overly generous pension programs is simply a failure of government to be responsible. Politicians understand that when their failed policies explode in their constituants faces, they will be long gone. * Yes, I know, there are some exceptions...*some* municipal employees get decent pay. Which ones don't compared to the same job in the private sector (including benefits)? Please define an "overly generous program" benefit by a percentage of gross pay for a mid-level municipal worker who retires after 20 or 25 years of service. 50% as in the military? 75%, which might be enough to live on? California you get 3% per year of your last years income. Notice I said income not salary. Spiking is what it is called. They add in all the overtime, unpaid sick leave, unused vacation. Big percentage are retiring at 120% plus of their normal pay after 30 years. Congress people get 100% pay after 4 years. How many private companies are that generous? |
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