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?

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.

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.

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.

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.

On 5/5/18 3:35 PM, wrote:
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.


There you go again, making up fantasies. I've told you several times, we
moved here because it was close to the Bay, and a new house like we
wanted was too rich for our blood in Annapolis. We have county, state,
and sales taxes here.

When we move to Hilton Head, it'll be to take advantage of the climate,
the waterways, the restaurant and shopping venues and Savannah and
Charleston, et cetera, and it is as far south as both of us could
tolerate. Neither of us want to live in Florida. Oh, and because of the
demographics of Hilton Head, my wife will be able to work as a therapist
some when she wants, and make a relatively high hourly rate. Outside of
Miami, Florida's rates are pretty crappy. I don't expect to find much in
the way of erudition in South Carolina.

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.

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.

wrote:
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.


CalPers, the state retirement plan, said they could raise everyone to 3%
from 2% a year rate, without any additional funds during the dot.com boom.
F’n politicians went along. Now is something like an extra $80 million
annual contribution from the general fund. And state constitution says we
can not lower it. CalPers if it was a private trust fund would have the
managers in jail. They forecast a return rate every year. Mostly been
an 8% forecast. This year they dropped it to 7%. Annual returns have
been in the 4% or less for years.

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.