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Seattle...MSN got it backwards
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Seattle...MSN got it backwards
On Sat, 5 May 2018 12:16:47 -0400, Keyser Soze wrote:
On 5/5/18 11:39 AM, wrote: This has as much to do with unrestrained promises forced on the people by public service union contracts as immigration. The pittance an immigrant gets is nothing like the six figure retirements drawn by people who never made close to that much in most of their working life. A few weeks ago there was a story in the papers about a disgraced fireman, forced into retirement over sexual allegations but we can't feel too sorry about him. They will be paying him around $160k a year He got a separation check of another $130k or so and he didn't even have to **** Trump. He just ****ed the tax payers. To make matters worse, they take that money out of state when they retire (who wants to pay those nosebleed taxes) so it is just rust belt tax payers sending money to the sun belt. We can be sure that *all* *most* *many* public service employees who retire are drawing six figure retirement pensions, right? So, tell us, just what percentage of retired municipal or state workers who never "made close to that much" are drawing six figure retirements? The ones coming from rust belt states where the unions have blackmailed the local governments into unsustainable retirement plans. You can also add the big cities on the coasts to that. You did trim "in most of their working life" from the statement. They understand that if they can load up the last few years they work with as much overtime and extra compensation as they can, the pension will be much higher. |
Seattle...MSN got it backwards
On Sat, 05 May 2018 11:24:27 -0400, John H.
wrote: On Sat, 5 May 2018 06:28:05 -0700 (PDT), Tim wrote: 7:53 AMJohn H - show quoted text - I'd for damn sure be looking to relocate. Maybe the powers that be in Seattle would get the word. .......... You’d think so but it hasn’t worked that way here in Blue Illinois. https://www.usnews.com/news/best-sta...ut-of-illinois If Illinois is going to become a 'sanctuary state' they may try the same tax crap as Seattle. === Illinois is already one of the "Move From" states, exporting large numbers of residents every year. Implementing new taxes like that would only make it worse. Seattle is an interesting case. Twenty years ago they were welcoming transplanted California tech workers with open arms, apparently a classic example of being careful what you ask for. --- This email has been checked for viruses by AVG. http://www.avg.com |
Seattle...MSN got it backwards
Keyser Soze wrote:
On 5/5/18 11:39 AM, wrote: This has as much to do with unrestrained promises forced on the people by public service union contracts as immigration. The pittance an immigrant gets is nothing like the six figure retirements drawn by people who never made close to that much in most of their working life. A few weeks ago there was a story in the papers about a disgraced fireman, forced into retirement over sexual allegations but we can't feel too sorry about him. They will be paying him around $160k a year He got a separation check of another $130k or so and he didn't even have to **** Trump. He just ****ed the tax payers. To make matters worse, they take that money out of state when they retire (who wants to pay those nosebleed taxes) so it is just rust belt tax payers sending money to the sun belt. We can be sure that *all* *most* *many* public service employees who retire are drawing six figure retirement pensions, right? So, tell us, just what percentage of retired municipal or state workers who never "made close to that much" are drawing six figure retirements? A bunch in California. They get 3% per year of service of their last years salary. Unfortunately the public service people spike their last years income. Do not take vacation for 5 years, add that to the final years income, add all the overtime possible, any unpaid sick leave. Any private company defined pension plan goes either on an average of the last 5 years, or excludes unpaid vacation and overtime and sick leave. |
Seattle...MSN got it backwards
On Sat, 5 May 2018 18:47:19 -0000 (UTC), Bill wrote:
Keyser Soze wrote: On 5/5/18 11:39 AM, wrote: This has as much to do with unrestrained promises forced on the people by public service union contracts as immigration. The pittance an immigrant gets is nothing like the six figure retirements drawn by people who never made close to that much in most of their working life. A few weeks ago there was a story in the papers about a disgraced fireman, forced into retirement over sexual allegations but we can't feel too sorry about him. They will be paying him around $160k a year He got a separation check of another $130k or so and he didn't even have to **** Trump. He just ****ed the tax payers. To make matters worse, they take that money out of state when they retire (who wants to pay those nosebleed taxes) so it is just rust belt tax payers sending money to the sun belt. We can be sure that *all* *most* *many* public service employees who retire are drawing six figure retirement pensions, right? So, tell us, just what percentage of retired municipal or state workers who never "made close to that much" are drawing six figure retirements? A bunch in California. They get 3% per year of service of their last years salary. Unfortunately the public service people spike their last years income. Do not take vacation for 5 years, add that to the final years income, add all the overtime possible, any unpaid sick leave. Any private company defined pension plan goes either on an average of the last 5 years, or excludes unpaid vacation and overtime and sick leave. Hopefully, you and Greg have straightened Harree out. More 'authoritative blabbing' as Tim would say. |
Seattle...MSN got it backwards
On Sat, 05 May 2018 15:03:22 -0400, John H.
wrote: On Sat, 5 May 2018 18:47:19 -0000 (UTC), Bill wrote: Keyser Soze wrote: On 5/5/18 11:39 AM, wrote: This has as much to do with unrestrained promises forced on the people by public service union contracts as immigration. The pittance an immigrant gets is nothing like the six figure retirements drawn by people who never made close to that much in most of their working life. A few weeks ago there was a story in the papers about a disgraced fireman, forced into retirement over sexual allegations but we can't feel too sorry about him. They will be paying him around $160k a year He got a separation check of another $130k or so and he didn't even have to **** Trump. He just ****ed the tax payers. To make matters worse, they take that money out of state when they retire (who wants to pay those nosebleed taxes) so it is just rust belt tax payers sending money to the sun belt. We can be sure that *all* *most* *many* public service employees who retire are drawing six figure retirement pensions, right? So, tell us, just what percentage of retired municipal or state workers who never "made close to that much" are drawing six figure retirements? A bunch in California. They get 3% per year of service of their last years salary. Unfortunately the public service people spike their last years income. Do not take vacation for 5 years, add that to the final years income, add all the overtime possible, any unpaid sick leave. Any private company defined pension plan goes either on an average of the last 5 years, or excludes unpaid vacation and overtime and sick leave. Hopefully, you and Greg have straightened Harree out. More 'authoritative blabbing' as Tim would say. I am sure Harry thinks those people deserve all they can squeeze from the tax payers. I notice he is not living in one of those overtaxed places and he is moving even farther away from them. After all of his bitching and whining about how badly the south sucks, he is moving right into the heart of it. I guess he has to follow the money wherever she wants to go. The only question is whether he will be telling us about how enlightened and erudite his neighbors are or whether he will still be calling them terra cotta toothed rednecks. |
Seattle...MSN got it backwards
Bill
- show quoted text - "A bunch in California. Â*They get 3% per year of service of their last yearsÂ* salary. Â*Unfortunately the public service people spike their last yearsÂ* income. Â* Do not take vacation for 5 years, add that to the final yearsÂ* income, add all the overtime possible, any unpaid sick leave. Â*Any privateÂ* company defined pension plan goes either on an average of the last 5 years,Â* or excludes unpaid vacation and overtime and sick leave."Â* Say what? We didn't get to add overtime, vacation pay or anything else to boost up the average of the last 5 years salary when calculating our pension...just 2 percent per year of Service of that last average five years salary. That is...70 percent was the highest for 35 years or more of Service. |
Seattle...MSN got it backwards
On Sat, 5 May 2018 12:37:49 -0700 (PDT), True North
wrote: Bill - show quoted text - "A bunch in California. Â*They get 3% per year of service of their last yearsÂ* salary. Â*Unfortunately the public service people spike their last yearsÂ* income. Â* Do not take vacation for 5 years, add that to the final yearsÂ* income, add all the overtime possible, any unpaid sick leave. Â*Any privateÂ* company defined pension plan goes either on an average of the last 5 years,Â* or excludes unpaid vacation and overtime and sick leave."Â* Say what? We didn't get to add overtime, vacation pay or anything else to boost up the average of the last 5 years salary when calculating our pension...just 2 percent per year of Service of that last average five years salary. That is...70 percent was the highest for 35 years or more of Service. You needed a stronger union. It certainly helps when your union can negotiate from both sides of the table. They have the union reps talking to the politicians who owe them for getting their job. The whole concept of government unions was thought to be illegal until the middle of the 20th century. Now they are bankrupting cities and states as those workers reach retirement age. A big part of the problem is the politicians raided the pension plans, if there was actually any money being set aside in the first place. Now they have tens of thousands of retirees and nowhere near the revenue to make those plans whole. |
Seattle...MSN got it backwards
True North wrote:
Bill - show quoted text - "A bunch in California. Â*They get 3% per year of service of their last yearsÂ* salary. Â*Unfortunately the public service people spike their last yearsÂ* income. Â* Do not take vacation for 5 years, add that to the final yearsÂ* income, add all the overtime possible, any unpaid sick leave. Â*Any privateÂ* company defined pension plan goes either on an average of the last 5 years,Â* or excludes unpaid vacation and overtime and sick leave."Â* Say what? We didn't get to add overtime, vacation pay or anything else to boost up the average of the last 5 years salary when calculating our pension...just 2 percent per year of Service of that last average five years salary. That is...70 percent was the highest for 35 years or more of Service. Say what? The that is what happens in his state. Cities have gone to court to prevent the spiking. Lost the case. My buddy’s brother retired as an Asst. chief from San Francisco Fire. 120% of a really nice salary. With cost of living raises each year. Can not be reduced. State constitution says government pensions are not reducible. So why cities are declaring bankruptcy to void the excess unfunded pension liabilities. |
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