- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Survey - when does the outrage over gov't pensions start?
Posted on 8/5/09 at 10:51 pm
Posted on 8/5/09 at 10:51 pm
While I am pissed off about them, I doubt much of the general public is. However, I think it will occur in the next 4-7 years. Especially mid income boomers, whose tax bill will go up due to all this spending........will be fricking pissed. I have to work until I am 75, and you can retire at 54 with $60k(or more) per year?
So....
a) do you predict an out-lash?
b) from whom and when?
So....
a) do you predict an out-lash?
b) from whom and when?
8
Posted on 8/6/09 at 12:27 am to MileHigh
Can you sell a government pension plan?
Posted on 8/6/09 at 5:51 am to MileHigh
'Survey - when does the outrage over gov't pensions start?'
All I have seen is lethargy. What will it take to motivate people to simply write a letter or call their congress critter with a list of complaints? BTW, I have been sending letters to Mica for years and occasionally he responds...not that he has done anything except bizz as usual.
Posted on 8/6/09 at 7:50 am to MileHigh
quote:I've been talking to my state representative and senator about the outrageous state government pensions for years. Retire at 100% of last 5 years average salary after 25 years?!? WTF!!!! Plus full medical insurance coverage for life?!?
when does the outrage over gov't pensions start?
Of course, it does no good to talk to the politicos. State worker pensions are sacred ground to politicians, especially in the Baton Rouge area.....
Posted on 8/6/09 at 8:16 am to MileHigh
FYI, federal pensions aren't nearly as good now as they used to be. What you're describing is the old version, which was a very good deal indeed.
Today there's still a defined benefit portion but it is not nearly as generous, more like a fourth or so. The rest is like a 401(k) but with a very limited set of investment options.
Still better than the private sector deal IMO but not outrageously so. I think this is a "problem" that has already mostly been dealt with, now it's just paying out the promised obligations.
ETA: I have no comment about state pensions, I know nothing about how any of the states work theirs.
Today there's still a defined benefit portion but it is not nearly as generous, more like a fourth or so. The rest is like a 401(k) but with a very limited set of investment options.
Still better than the private sector deal IMO but not outrageously so. I think this is a "problem" that has already mostly been dealt with, now it's just paying out the promised obligations.
ETA: I have no comment about state pensions, I know nothing about how any of the states work theirs.
This post was edited on 8/6/09 at 8:17 am
Posted on 8/6/09 at 8:30 am to MileHigh
quote:
So....
a) do you predict an out-lash?
b) from whom and when?
If there wasn't public outrage over bailing out the UAW there won't be public outrage over government pensions.
Posted on 8/6/09 at 8:32 am to foshizzle
quote:
FYI, federal pensions aren't nearly as good now as they used to be. What you're describing is the old version, which was a very good deal indeed.
my mother who was a city worker got a sweet pension. Retired at 56 on 80% of her final salary.
That is most likely be subsidized by the taxpayers.
Posted on 8/6/09 at 10:00 am to MileHigh
There is already outrage over the pensions paid to individuals who padded their earnings for three years with tons of overtime and then retired getting pensions based on average earnings over last three years. In California there have been literally thousands of public sector employees who have done this and skated with >$100K in annual pension payments with guaranteed COLA's.
The public sector employees can no longer claim that their excellent pensions and other benefits are in exchange for lower salaries and wages. Their pay is comparable and in many cases superior to private peers.
I've been outraged for years over this.
The public sector employees can no longer claim that their excellent pensions and other benefits are in exchange for lower salaries and wages. Their pay is comparable and in many cases superior to private peers.
I've been outraged for years over this.
Posted on 8/6/09 at 10:03 am to Poodlebrain
quote:
thousands of public sector employees who have done this and skated with >$100K in annual pension payments with guaranteed COLA's.
Posted on 8/6/09 at 10:17 am to LSURussian
quote:
Retire at 100% of last 5 years average salary after 25 years?!? WTF!!!! Plus full medical insurance coverage for life?!?
Actually it's worse than that. They retire at 100% of their last 5 years pay (not salary). So they simply "work" overtime out the arse for their last 5 years (which doesn't have to be approved generally, or the person approving it doesn't care b/c it doesn't come out of their pocket). Doing this means they get paid (well overpaid) until they die.
Posted on 8/6/09 at 11:20 am to MikeBRLA
Saw an article recently on a firemen in California that were able to "spike" their pensions by including unused vacation and sick days. What a crock!
quote:LINK
In practice, the benefit is even richer than that, as the new numbers from the San Ramon Valley district demonstrate. By increasing their final year pay and adding in unused sick leave to raise their years of service, the officials were able to further boost, or "spike," their pensions by 24 percent to 49 percent.
Posted on 8/6/09 at 11:35 am to foshizzle
quote:
FYI, federal pensions aren't nearly as good now as they used to be.
I should clarify that what I mean by this is that new incoming employees no longer get the sweet deal. The upcoming wave of retirees, however, did.
A lot of them retire and then get hired right back in their old position as a contractor and start the very next week.
Posted on 8/6/09 at 2:03 pm to foshizzle
A lot of them retire and then get hired right back in their old position as a contractor and start the very next week.
I'm aware of these situations as well. Whichever bureaucrat/lawmaker that allows this to happen should go to jail for theft. All they are doing is allowing someone to steal (being paid twice for one job is stealing).
I'm aware of these situations as well. Whichever bureaucrat/lawmaker that allows this to happen should go to jail for theft. All they are doing is allowing someone to steal (being paid twice for one job is stealing).
Posted on 8/6/09 at 4:13 pm to MileHigh
Do you consider military pensions to be included in this group?
Posted on 8/6/09 at 4:27 pm to martiansgohome
No doubt military pensions are among the most generous around, but they're politicall untouchable (for obvious reasons)
Posted on 8/6/09 at 5:47 pm to DandyPimp
quote:
Assistant Fire Chief Michael Sylvia, who retired in 2006, currently collects $245,502 a year. His final year base salary was $166,173.
Wow! talk about gaming the system.
Posted on 8/6/09 at 8:00 pm to Cold Cous Cous
quote:
No doubt military pensions are among the most generous around, but they're politicall untouchable (for obvious reasons)
I know a guy who joined the navy at 18, did his 20 years and has a pension. He has now been teaching ROTC for 12 years. In 8 years he will retire again, with two pensions at the age of 58.
Posted on 8/6/09 at 10:36 pm to MileHigh
My federal benefits will allow me to retire at 50 making close to $70K. May keep working though.
I knew the benefits were good when I took the job 11 years ago without bothering to learn the specifics. As good as this retirement deal sounds, it is still tough to find good employees.
I knew the benefits were good when I took the job 11 years ago without bothering to learn the specifics. As good as this retirement deal sounds, it is still tough to find good employees.
Posted on 8/7/09 at 6:14 pm to EatnCreaux
If Obama-ism becomes the new american way, then, government jobs will be the best jobs in the land. Private sector is going to get squashed by the heavy govt regulation and taxation.
Posted on 8/7/09 at 9:40 pm to Champagne
I'll retire at 51 with 100% of salary, but you can't boost it up by working overtime. Our pension is seperate from the others we fund ourselves. Plus I'll get 50% tax free for ten years.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News